Rating Agency Developments

On November 9, Moody’s issued a request for comment on its proposed rating treatment of debt payment delays that are quickly remedied and do not result in realized losses to bondholders. The proposal is prompted by pending changes by DTC under which late or non-compliant payments by issuers or their agents to DTC will result in delayed payments to bondholders. Comments should be submitted by December 10.  Moody’s Release.


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