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One of Nation’s Largest Credit Agencies Speaks Out on Governor, Treasurer’s Pension Stabilization Plan

One of Nation’s Largest Credit Agencies Speaks Out on Governor, Treasurer’s Pension Stabilization Plan

Yesterday afternoon, Moody’s Investors Service, one of the nation’s three largest credit rating agencies, issued a report on the pension stabilization plan proposed by Governor Brown and Treasurer Chiang. The ratings service concluded the proposal is a “credit positive development because it suggests the state will aggressively counter a projected rise in its unfunded pension […]