Newsmakers
Illinois OKs $423 Million Pension Bond Buyout, but Its Debt is Growing too Fast
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
Fear of a downturn creates a rise in de-risking.
Concept being applied to additional city departments.
SUAA proposal to be entertained Jan. 30.
Since bonds are rarely traded, pricing is difficult to verify, making it “ripe for abuse.”