Moody's Investors Service is expected to publish as early as this week a road map detailing the implementation regarding its new ratings methodology. It will show coordination between the corporate group and the collateralized loan obligation group, which was something the market had been concerned about, said Mike Rowan, Moody's group managing director and co-head of corporate finance in the Americas.
Buysiders and sellsiders alike were concerned about the new methodology, which would increase ratings one or two notches on loans and possibly lead to a number of repricings (CIN, 4/17).
Moody's had asked for comments from the market up until March 31, extending the comment period from Feb. 28 to allow all those interested in discussing the issue the time to do so (2/27). At the end of March it issued a report answering a number of the most frequently asked questions the market had about the effects the new ratings might have.