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"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."
August 10 -
Mercy Hospital plans to sell facilities and other assets to the University of Iowa, which approved $20 million for the acquisition.
August 9 -
American Advanced Management signed a letter of intent for a lease-to-buy agreement for Hazel Hawkins Memorial Hospital in Hollister.
August 7 -
The Senate proclamation says Shields left behind "an indelible mark on the public finance industry."
July 27 -
"We believe pensions have an elevated probability of stressing the state and local governments' budgets even as Illinois has made supplemental contributions above the statutorily required amounts," S&P Global Ratings analyst Joseph Vodziak said.
June 27 -
Houston is one of the largest U.S. cities to set up a trust to help fund non-pension retiree benefits such as healthcare.
June 12 -
Attorney General Rob Bonta faces criticism for restrictions that caused the collapse of a proposed buyout of a troubled Central Valley hospital.
April 14 -
A total of 26 Republican-led states have sued over the new retirement investing rule, saying it would diminish their tax revenue and hurt states that have a significant fossil fuel industry presence.
March 2 -
The demographics of the public-sector workforce are likely to change, even as many state and local governments consider increasing wages and improving other benefits to attract and retain employees.
February 14Build America Mutual -
Strong 2021 contribution levels continue a trend that began with pension reforms made in the wake of the Great Recession.
January 3