U.S. public pension funds face nearly $1 trillion in losses -Moody’s
The market crash and the
economic fallout from the coronavirus has led to nearly $1
trillion in investment losses for U.S. public pension funds,
Moody’s Investors Service said on Tuesday.
The credit rating agency said the funds are generally facing
an average investment loss of about 21% in the fiscal year that
ends June 30, based on a March 20 snapshot of market indices.
economic fallout from the coronavirus has led to nearly $1
trillion in investment losses for U.S. public pension funds,
Moody’s Investors Service said on Tuesday.
The credit rating agency said the funds are generally facing
an average investment loss of about 21% in the fiscal year that
ends June 30, based on a March 20 snapshot of market indices.
Posted by Reuters
