Moody’s

In response to PEPRA issue's temporary solution, Moody's confirms good credit rating for Metro

by Steve Hymon , September 18, 2013

This issue is an excellent example of the domino effect. Metro and other California transit agencies were threatened with losing billions of dollars in federal funds because of a dispute between the state and the U.S. Department of Labor over whether the state’s pension reform violated the rights of transit [continue reading]

With federal transit funds at risk, Moody's considers downgrading credit rating of some California transit agencies

by Steve Hymon , August 14, 2013

Many of you are probably aware of this ongoing issue: Unions representing transit workers have complained to the U.S. Department of Labor that pension reform in California violates their collective bargaining rights. Thus far, President Obama’s Labor Secretary — Thomas Perez — has agreed and said that Metro and other [continue reading]

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Moody’s

In response to PEPRA issue's temporary solution, Moody's confirms good credit rating for Metro

With federal transit funds at risk, Moody's considers downgrading credit rating of some California transit agencies