Fitch: US State Courts Set Pension Reforms on Varied Paths

NEW YORK--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: U.S. State Courts Set Pension Reforms on Varied Paths

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=868031

Recent court rulings have clarified the extent to which states can manage pension obligations. However, these decisions have been unpredictable and often surprising, Fitch Ratings says.

While most states will likely continue to manage their pension obligations effectively, a few could experience downward rating pressure from their large unfunded liabilities. States such as Illinois, New Jersey and Kentucky have already seen negative impacts.

For more information, see Fitch Wire + research "U.S. State Courts Set Pension Reforms on Varied Paths," dated June 30, 2015.

Additional information is available on www.fitchratings.com.

The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article, which may include hyperlinks to companies and current ratings, can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150630006087/en/

Fitch Ratings
Laura Porter
Managing Director
U.S. Public Finance
+1 212-908-0575
33 Whitehall Street
New York, NY
or
Douglas Offerman
Senior Director
U.S. Public Finance
+1 212-908-0889
or
Rob Rowan
Senior Director
Fitch Wire
+1 212-908-9159
or
Media Relations:
Sandro Scenga, +1 212-908-0278
[email protected]

Source: Fitch Ratings

You May Also Be Interested In

• PGP Welcomes Steven Grassa as Managing Director to Deepen Healthcare Services Coverage
• SCIEX Helps Clinical Labs Move From Sample to Answer Faster With New Software and LC Solutions
• COMBINED GENERAL MEETING OF 27 JULY 2026