New York, January 14, 2015 -- Moody's Investors Service has updated for 2015 our Institutional Framework scores for local government sectors in each of the 50 US states. Moody's US local government general obligation bond methodology, published in January 2014, uses the Institutional Framework score as one consideration within its management factor. The methodology incorporates four major rating factors, each of which carries the following weights in the assignment of a general obligation bond rating: management at 20%, finances at 30%, economy and taxbase at 30%, and debt and pensions at 20%.
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