CalPERS' credit enhancement program gets 'AAA' rating
US - The US$5bn national credit enhancement program of the California Public Employees' Retirement System (CalPERS) has been awarded a ‘AAA' rating by Moody's.
The ratings agency based the decision on the US$180bn system’s investment performance, growth and ability to meet and pay promised retirement benefits, CalPERS said. Commenting on the rating, Mark Anson...
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