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Moody's: Employee Pension Costs May Affect Ratings of Some Municipalities

Friday, November 6, 2009

NEW YORK - A broad deterioration in funding levels for public sector pensions is adding to fiscal pressure on some state and local governments and could contribute to negative rating actions for some issuers in the next several years, says Moody's Investors Service in a new report.

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Moody's: Employee Pension Costs May Affect Ratings of Some Municipalities

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