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Bonds News

BRIEF-Moody's says San Bernardino bankruptcy exit pains bondholders and spares pensions

April 19 (Reuters) - Moody’s:

* Moody’s says San Bernardino bankruptcy exit pains bondholders and spares pensions

* Moody’s, on San Bernardino bankruptcy, says city will continue to grapple with rising pension costs and public safety needs

* Moody’s, on San Bernardino Bankruptcy, says large infrastructure and other capital needs remain, while market access is questionable

* While San Bernardino will exit bankruptcy with higher revenues, it will face challenges related to deferred maintenance, potential service shortfalls

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