The recent Supreme Court ruling that military base closings approved by Congress and President Clinton are not subject to judicial review will not affect any debt ratings, Standard & Poor's Corp. said this week.
Base closures and realignments have been factored into all "related" ratings, Standard & Poor's said.
The Supreme Court's ruling on May 23 came in response to an effort by elected officials in New Jersey and Pennsylvania to block the scheduled closing of the Philadelphia Shipyard.
Under a law passed by Congress in 1990, the Base Closure and Realignment Commission recommends to the president bases to be closed or realigned. If the president accept the list, Congress can block the closings only if both houses pass a resolution.
Since 1989, more than 100 military bases have been closed or scaled back. The next round of major closures and realignments is expected in 1995, Standard & Poor's said.
