Moody's Investors Service will change the way it rates municipal bonds, ranking them on the same scale it uses for corporate and sovereign debt.
The credit-rating company, which has come under pressure this year from regulators and state treasurers, announced today it will ``transition our public finance ratings to our global scale.'' It began studying making the change in March, soliciting comments from investors and issuers in the $2.66 trillion municipal market.
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