Moody's Talks - Muniland

US states get pension relief; English local governments face mounting financial stress

Episode Summary

States’ pension liabilities, a source of credit stress for years, are declining and providing financial flexibility. In England, some local governments are grappling with substantial deficits.

Episode Notes

States’ pension liabilities, a source of credit stress for years, are declining and providing financial flexibility. In England, some local governments are grappling with substantial deficits.

Guests: Sunny Zhu, Assistant Vice President – Analyst, Moody’s Investors Service and Zoe Jankel, 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 subscribers):

• States – US: Ability to service long-term liabilities and fixed costs improves
• Local Governments – UK: More to fail as weak governance amplifies the impact of property and rates cycles