Pension Risks and Opportunities in the 2023 Credit Landscape
Higher interest rates mean lower liabilities and potentially lower asset risk for governments, but pension risks will remain a credit driver for many.
This webinar will discuss the latest broad drivers of government pension risks, as well as the latest developments for states most affected by pension funding pressures. Further topics will include the progress made by some local governments grappling with pension challenges.
- The effect of higher interest rates and inflation on governments' retirement benefit liabilities and asset risks
- How pension risks have evolved for the states with credit quality most affected by pensions
- The differentiating factors driving credit outcomes for local governments with pension challenges
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SpeakersTim Blake Managing Director - Public Finance Group Moody's Investors Service
Thomas Aaron Vice President - Senior Credit Officer Moody's Investors Service
Coley Anderson Vice President - Senior Analyst US Public Finance Group, Moody's Investors Service
Ted Hampton Vice President/Senior Credit Officer Moody's Investors Service
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Tim Blake is a Managing Director in Moody’s Public Finance Group responsible for US state ratings as well as local government ratings in the eastern region. He also oversees ratings for US transit systems and a specialist team on government pension analysis. Tim has more than twenty-five years of experience in the municipal market. Prior to joining Moody’s, Tim was a credit risk manager and ratings advisor at an investment bank and a letter of credit and liquidity facility banker for a commercial bank. He is a graduate of the State University of New York at Albany
Tom is the dedicated public pension specialist for Moody’s Investors Service US Public Finance Group. He has held this role since 2013, in which he authors pension-related research and facilitates pension risk assessments across the group’s ratings. Tom originally joined Moody’s as a ratings analyst in 2011, where he covered local government credits throughout the Midwest. Prior to joining Moody’s, he served as Deputy Chief of Staff to a member of the San Diego City Council. Tom holds a Master of Science degree in Applied Mathematics (Actuarial Science) from DePaul University in Chicago and a Master of Arts in Economics from San Diego State University.
Coley Anderson is a Vice President - Senior Analyst for the Chicago Local Government Ratings Team covering credits in Illinois, Minnesota, Iowa and Indiana. He is the state lead for Illinois local governments as well as the lead analyst for Cook County and Chicago Public Schools.
Prior to joining Moody’s, Coley was a Senior Financial Analyst in healthcare and local government. Coley holds a Masters and BA degree from the University of Southern Illinois.
Ted is Vice President/Senior Credit Officer for the States Rating Team covering Puerto Rico and the State of Illinois. He has served as lead analyst for numerous other credits for including Alabama, Alaska, Michigan, New Jersey and Ohio. Prior to joining Moody’s, Ted worked as a journalist covering public finance, the US Treasury market, the insurance industry, and financial market structure. He holds a Master of Business Administration degree from the Yale School of Management and an undergraduate degree from Dartmouth College.