Moody’s Clarification on Fox & Hounds Article

Editor’s Note: Moody’s Investors Services requested a clarification be provided in reference to Wayne Lusvardi’s piece, “Moody’s New Pension Rules Would Bankrupt Six Cal Counties,” which appeared on January 16. Your article seems to conflate the role of Moody’s Investors Service (a credit rating agency) with that of GASB (a standard setting board).  This conflation, both [...]