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Tag Archives: The Fitch rating agency

State debt study details challenges to staying creditworthy

Rich or poor, the negative can find you. It’s a lesson the nation’s wealthiest state — Connecticut — and its least wealthy — Mississippi — have learned after Fitch Rating Service handed the two states “negative” debt outlooks. Mississippi actually stands above Connecticut in creditworthiness at the moment, with an AA+ rating from Fitch compared to Connecticut’s AA. Fitch based ...

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State: Moody’s calculations wrong

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 outlook of “stable.” The “Aa” ...

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