June 30 Moody's Investors Service said new
pension accounting standards for U.S. state and local
governments were likely to have limited credit impacts.
The new standards, Government Accounting Standards Board
(GASB) 67 and 68, require pension plans and issuers to disclose
the sensitivity of liabilities to a 100 basis point change in
the discount rate.
The ratings agency said the accounting standards will change
with pension plan disclosures for fiscal year 2014 and bond
issuer disclosures for fiscal year 2015.
(Reporting by Abinaya Vijayaraghavan in Bangalore)