Moody's updates its methodology to rate US local government general obligation debt
New York, December 16, 2016-- Moody's Investors Service has today updated its rating methodology called "US Local Government General Obligation Debt", which was last published on 15 January 2014. The only substantive change is a revision in our approach to rating general obligation limited tax debt, which is described in new Appendix E. We have made some non-analytical revisions to clarify and streamline the description of how we map factor scores to the scorecard outcome.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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