If officials choose not to set aside additional money each year to cover the payment, it counts against net assets, potentially putting a city or agency deeper into the red. Because assets are a critical component in the credit ratings that allow governments to borrow money at lower interest rates, Wall Street will be paying close attention to the coming disclosures. Standard & Poors warned that retiree health care liabilities were "an increasing credit concern.
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critical component
Lower Interest rates
health care liabilities
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