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BRIEF-‍Moody's Says Pension Reforms in Large Texas Cities Have Not Stopped Growing Liabilities​
November 27, 2017 / 5:39 PM / 19 days ago

BRIEF-‍Moody's Says Pension Reforms in Large Texas Cities Have Not Stopped Growing Liabilities​

Nov 27 (Reuters) - Moody’s :

* ‍MOODY‘S SAYS PENSION REFORMS IN TEXAS, DALLAS, HOUSTON, AND FORT WORTH HAVE REDUCED, BUT NOT STOPPED, GROWING LIABILITIES​

* MOODY‘S SAYS DESPITE BENEFICIAL IMPACT OF PENSION REFORMS, PENSIONS WILL CONTINUE TO WEIGH ON CREDIT QUALITY OF SOME HEAVILY BURDENED CITIES IN TEXAS‍​

* ‍MOODY‘S SAYS UNCERTAIN WHETHER DALLAS, FORT WORTH & HOUSTON CAN ATTAIN POLITICAL SUPPORT FOR CHANGES TO PENSION BENEFITS, IF LIABILITIES KEEP RISING​ Source text for Eikon:

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