Moody’s says Chafee’s MAST fund a positive

MOODY'S INVESTOR SERVICE said on Monday that Gov. Lincoln D. Chafee's proposed MAST fund would be a positive. For a larger version of this image, <a href=CLICK HERE. / " title="MOODY'S INVESTOR SERVICE said on Monday that Gov. Lincoln D. Chafee's proposed MAST fund would be a positive. For a larger version of this image, CLICK HERE. /"/>
MOODY'S INVESTOR SERVICE said on Monday that Gov. Lincoln D. Chafee's proposed MAST fund would be a positive. For a larger version of this image, CLICK HERE. /
BOSTON – Moody’s Investor Service on Monday that Gov. Lincoln D. Chafee’s proposed Municipal Accountability Stability Transparency Fund would be a positive for the underfunded local pensions and OPEB liabilities. Chafee presented his fiscal 2012 budget on March 8 outlining significant changes to municipal pension funding practices to address the growing $1.9 billion combined unfunded…

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