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Muni Investors Should Keep an Eye on State Pensions

With vast differences in funding levels across states, muni investors need to carefully consider the impact of pension obligations when assessing muni-credit worthiness, says Morningstar's Rachel Barkley.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We recently released our state pension report, and I am here today with Rachel Barkley, a municipal credit analyst, to see which states came out on top, which came out on bottom and why investors should care.

Rachel, thanks for joining me.