Moody's Talks - Muniland

Major US cities’ pension risks are easing, but far from retired

Episode Summary

Pension liabilities for large local governments are falling because of higher interest rates. This dynamic — and greater contributions — bodes well for credit quality, though investment risk lingers.

Episode Notes

Pension liabilities for large local governments are falling because of higher interest rates. This dynamic — and greater contributions —bodes well for credit quality, though investment risk lingers.

Guest: Tom Aaron, Vice President – Senior Credit Officer, Moody’s Investors Service

Host: Nick Samuels, Senior Vice President, Moody’s Investors Service

Related content on Moodys.com (may only be available to registered users and subscribers):

• Local Government – US: Balance sheet leverage declining for large, pension-heavy local governments