Pension funding bonds, also known as pension obligation bonds, rarely improve the credit quality of the state or the local government that issues them, says Moody's Investors Service in a report.
Moody's: Pension Funding Bonds Bring Risks to State and Local Governments
Ask the Experts is an educational video series, hosted by The Bond Buyer and Municipal Finance Today, that features an engaging Q&A with commercial banking industry professionals. This series, sponsored by Bank of America Merrill Lynch, addresses today's most talked-about commercial banking topics, including emergency preparedness, fraud prevention, and creating financially and environmentally sustainable opportunities.
November 13-15, 2013Swissotel Chicago, Chicago, IL
The Waldorf Astoria, New York, NY