From the link: "If you’re AAA or AA rated and you’ve got significant and visible unfunded pension obligations, you’ve only got one direction to go in terms of rating, and that’s potentially down," said Jeff Lipton, head of municipal research in New York at Oppenheimer & Co.
Hey, Jeff Lipton, head of municipal research. If you're AAA rated and you have a 500% cash surplus, or if you smoke meth all day, or if you have an itchy elbow, you've also only got one direction to go in terms of rating.
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From the link:
"If you’re AAA or AA rated and you’ve got significant and visible unfunded pension obligations, you’ve only got one direction to go in terms of rating, and that’s potentially down," said Jeff Lipton, head of municipal research in New York at Oppenheimer & Co.
Hey, Jeff Lipton, head of municipal research. If you're AAA rated and you have a 500% cash surplus, or if you smoke meth all day, or if you have an itchy elbow, you've also only got one direction to go in terms of rating.
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