03.02.2014 19:29:00

Moody's: Enterprise risk, contingent liabilities remain major credit risk for some local governments

New York, February 03, 2014 -- Contingent liabilities for non-essential, non-core enterprises pose significant credit risk for a small group of US local governments, says Moody's Investors Service in the report "Contingent Liabilities and Enterprise Risk Continue to Weigh on US Local Governments." Enterprise risk arises when a local government provides debt guarantees for projects unrelated to core operations.

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