LOS ANGELES -- If approved, Stockton’s bankruptcy exit plan includes noteworthy elements that could help inform outcomes of future bankruptcies in California and elsewhere, Fitch Ratings said in a report released Tuesday.

“Stockton’s ability to achieve significant concessions from labor under threat of bankruptcy provides food for thought about incentives in other potential cases,” said Amy Laskey, a managing director at Fitch. “The specter of bankruptcy may have motivated labor, although not bondholders, to negotiate.”

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