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Article: Moody's raises foreign-currency country ceilings reflecting revised methodology.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- May 24, 2006
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Moody's raises foreign-currency country ceilings reflecting revised methodology
NEW YORK. May 24 (Interfax) - Moody's Investors Service said that a new approach to setting its foreign-currency country ceilings for bonds has resulted in upgraded ceilings for 70 countries, the ratings agency said in a press release.
Country ceilings already carrying Moody's top rating of Aaa were unaffected by the new methodology and no country ceiling was downgraded as a result of the revised approach, the release says.
Neither government bond ratings nor foreign-currency ceilings for bank deposits are affected by this action.
The rating agency also ...