Downgrades Loom for Cash-Strapped U.S. States

Cash-strapped U.S. states and cities face the prospect of downgrades after Fitch Ratings changed the way it analyzes their burgeoning pension bills. In a report published on Thursday, Fitch warns the new approach could lead to “limited negative rating action”, particularly for local governments with big wage bills. – FT

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.