International Local And Regional Governments Are Grappling With Rising Pension Liabilities Mar 07

  • ID: 1723221
  • March 2007
  • Region: Global
  • Standard & Poors
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  • Aargau (Canton of)
  • Geneva (City of)
  • Hesse (State of)
  • Manitoba (Province of)
  • Quebec (Province of)
  • Stockholm (City of)
  • MORE

Retirement issues, particularly the adequacy of pension funding, are becoming increasingly important credit factors in the assessment of private- and public-sector balance sheets. Two key forces behind the greater focus on the pensions of international (non-U.S.) local and regional governments (LRGs) are demographic changes and the movement toward greater financial disclosure in the public sector. Standard & Poor's Ratings Services notes that in most jurisdictions where we rate entities, LRGs have begun addressing the adequacy of their pension funding practices. Indeed, we are at the forefront of this trend, revising our criteria and adjusting our analytical emphasis to reflect the rising importance of pension funding across almost all practice areas, including international public finance, where we provide ratings to more...

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Research Type: Commentary
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- Newfoundland and Labrador (Province of)
- Nova Scotia (Province of)
- Quebec (Province of)
- Saskatchewan (Province of)
- Stockholm (City of)
- Goteborg (City of)
- Alberta (Province of)
- Manitoba (Province of)
- Bavaria (State of)
- Hesse (State of)
- North Rhine-Westphalia (State of)
- Baden-Wuerttemberg (State of)
- Uppsala (City of)
- Taby (Municipality of)
- Jonkoping (Municipality of)
- Vasteras (City of)
- Helsingborg (City of)
- Saxony-Anhalt (State of)
- Lower Austria (State of)
- Stockholm County Council
- Upper Austria (State of)
- Geneva (City of)
- Aargau (Canton of)
- Municipality of Halmstad
- Geneva (Republic and Canton of)
- Lausanne (City of)
- Sundsvall (Municipality of)
- Vastra Gotaland (Region of)
- Styria (State of)
- Prince Edward Island (Province of)
- State of Brandenburg
- Vaud (Canton of)

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