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  DateDocument Type Title Issuer/Entity
07 Apr 2021 Sector Comment State and local government – Kentucky: State legislature creates hybrid pension system for new teachers, credit positive
22 Mar 2021 Sector Comment State and local government – New Mexico: K-12 pensions are a challenge, but liability spike reflects accounting, not economics
03 Mar 2021 Sector In-Depth State and Local Government – US: Debt-based budget relief maneuvers may defer and amplify fiscal challenges
02 Mar 2021 Issuer Comment Illinois (State of): Adjusted net pension liability to surpass $300 billion as source of credit stress worsens Illinois (State of)
24 Feb 2021 Sector In-Depth State and Local Government – US: Investment risk high for governments with heavily negative pension cash flow
20 Nov 2020 Issuer Comment Puerto Rico (Commonwealth of): US Supreme Court deals a blow to pension bondholders' recovery prospects Puerto Rico (Co...
Puerto Rico Emp...
18 Nov 2020 Sector Comment State and Local government – Kentucky: State pension system increases asset risk to maintain return targets, a credit negative
20 Oct 2020 Sector In-Depth State and local government – US: Asset losses avoided in fiscal 2020, but low interest rates drive pension liability spike
01 Oct 2020 Issuer In-Depth Illinois (State of): Coronavirus crisis threatens to worsen already outsized liability burden Illinois (State of)
24 Sep 2020 Sector In-Depth Public Finance – US: Low interest rates create pension and investment challenges but lower debt costs
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