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Budget & Finance

Moody's Extends Comment Deadline on Proposed Pension Adjustments

Due to requests from market participants, Moody's Investors Service extended the deadline by one month for comments on its proposed changes for analyzing U.S. public sector pension data.

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Comments (1)
Moody's is doing taxpayers a great service (as well as better informing bondholders) by putting a more realistic estimate on the huge liability states and municipalities have incurred largely under the radar screen. Hopefully, this improved disclosure will force government leaders to face the issue instead of brushing it under the rug, the official policy of most issuers to date!
Posted by mdwjr | Friday, August 17 2012 at 12:40PM ET
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