State: Moody’s calculations wrong
by Ted Carter
Published: March 6,2011
Tags: MBJ FEATURE, Moody’s, Tate Reeves, The Fitch rating agency
Managers of Mississippi’s defined public employee pension plan say Moody’s made too broad a calculation in setting the plan’s unfunded liabilities and are want the ratings agency to refigure the assets-to-obligations ratio. Moody’s, which includes pension obligations in its overall rating of a state’s credit worthiness, awarded Mississippi an “Aa” rating last October with an [...]
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