![]() CalSTRS' issuer rating is highly dependent on the state, given its underfunded status. The affirmation of CalSTRS' long-term issuer rating one notch below the State of California's rating of Aa2 reflects our view that ongoing weakness in the pension system's funding status positions creditors in a modestly weaker position than the state's general obligation creditors.ĭespite economic stresses arising from the COVID-19 pandemic, the outlook for the state remains stable, which supports CalSTRS' long-term issuer rating. The California Infrastructure and Economic Development Bank Lease Revenue Bonds, (California State Teachers' Retirement System Headquarters Expansion) Series 2019 (Green Bonds - Climate Bond Certified), affirmed at A1 California Infrastructure and Economic Development Bank Short-term Issuer Rating, affirmed at P-1īaseline Credit Assessment, downgraded to ba3 California State Teachers' Retirement System Moody's also affirmed the A1 rating with a stable outlook on the California Infrastructure and Economic Development Bank Lease Revenue Bonds, (California State Teachers' Retirement System Headquarters Expansion) Series 2019 (Green Bonds - Climate Bond Certified) ("2019 Lease Revenue Bonds"). Under Moody's rating methodology for Public Pension Managers a BCA is assigned to CalSTRS, reflecting its intrinsic credit strengths. Please note, if your survey was submitted late or was incomplete before the survey deadline the rate change will be processed in a later cycle.Under Moody's Government Related Issuers methodology as it applies to public pension managers, recognition is given to CalSTRS' very high dependence on, and support from, its sponsor, the State of California (long-term senior general obligation rating: Aa2 stable). The payment for the October 1, 2022, rates to effectuate the Minimum Wage increase will be made in Cycle 2360, check release date. The provider-specific rates have been posted for your information at the following location under ALP October 2022 Home Care Aide Wage Increase The State Fiscal Year (SFY) 2022-23 Enacted Budget provided for a Minimum Wage increase for home care aides of two dollars effective October 1, 2022.Įffective October 1, 2022, The Minimum Wage rate adjustment for Home Care Aides increased by $2 plus an adjustment for corresponding Fringe Benefits. This letter contains information for your Assisted Living Program (ALP) Medicaid reimbursement rates effective October 1, 2022. Letter is also available in Portable Document Format (PDF). ![]()
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