FILE - In this July 24, 2019 file photo Kentucky Gov. Matt Bevin signs into law a pension-relief bill that won final approval in the state legislature in Frankfort, Ky. A credit rating agency says Kentucky's pension law is a "negative" for the state's credit rating. The Moody's report rates the law as "credit negative" because it pushes pension costs into the future. It says the law raises the likelihood the state will take responsibility for a greater share of unfunded pension liabilities. Gov. Matt Bevin said Monday, Aug. 5, 2019 he's not surprised by the rating. He says the state has considerable work ahead to shore up public-pension systems. (AP Photo/Bruce Schreiner, file)
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