Pensions
US Public Pension Funds Sensitive to Market Correction, per Fitch Report
Investment volatility has re-emerged as a concern for pension plans.
Post-SVB, most thought all was well with the banking system, but the rating agency sees worrisome weaknesses.
The cash flow is solid, except for occasional problems like pandemic-reduced traffic volumes.
The agency says the state’s lack of pension overhaul won’t hurt its rating, despite Bevin’s warning.
Agency finds only 3% of corporate ratings have changed as a direct result of ESG considerations.