The National Association of Insurance Commissioners is planning to hold a conference next month to evaluate whether the current ratings methodology used for public finance credits accurately reflects all long-term risks.

The NAIC represents state insurance regulators who oversee insurance companies that for tax and other reasons buy municipal bonds. The organization is not seeking to have any ratings changed, but it is looking for clarity on whether ratings assigned by the major agencies appropriately reflect certain risks to bond issuers, such as unfunded pension obligations, health care costs, infrastructure needs, and revenue instability.

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