Report
EUR 182.40 For Business Accounts Only

Municipal VRDBs and CP : Below Average Q4 Bank Support Activity Closes Otherwise Strong 2016

U.S. PUBLIC FINANCE SECTOR COMMENT 15 February 2017 TABLE OF CONTENTS Decline in dollar volume of banks' commitments in Q4 2 Domestic banks issued the most credit and liquidity support in Q4 4 Bulk of Q4 commitments to terminate in Q4 2017 and beyond Q3 2019 4 Increase in tender option bond rating activity in 2016 5 Contacts Jacek Stolarz 212-553-1923 Analyst
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Moody's Investors Service
Moody's Investors Service

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:

  • 130 countries
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    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.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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