The California State Teachers Retirement System (CalSTRS) is grappling with a funding crisis but as long as the agency has the support of the State of California, and as long as the finances of the State of California remain robust, then CalSTRS will maintain it’s current credit rating of Aa3 with a stable outlook according to credit rating agency Moody’s.
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Moody’s downgraded the credit rating of CalSTRS last year following a revision of its Government-Related Issuers ratings methodology. Under...
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