CPC Study Calculates Impact of New Credit Rating Criteria
CPC Study Calculates Impact of New Credit Rating Criteria
FOR IMMEDIATE RELEASE Sacramento, California, January 14, 2013 Contact: press@calpolicycenter.org The California Policy Center has just published a new study that examines the impact of the credit rating criteria being considered by Moody’s Investor Services for state and local governments. Moody’s has proposed discounting pension fund liabilities at a rate of 5.5% instead of the...