Wall Street Journal says "Fitch Ratings Sees Little Threat To States From Risky Investments". As other ratings agencies have also pointed out, it appears that the Florida Board of Administration's Government Investment Pool troubles and run on assets were an anomaly, and that LGIPs overall have limited SIV exposure and no real troubles. Fitch told the Journal that its research, "[S]uggests that exposure to risky investments is relatively confined. Most states have investment statutes or policies in place preventing investment in riskier instruments, and the vast majority of states have not invested in such instruments." The Fitch release may be seen here.