02.05.2014 16:48:00
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Moody's requests comments on proposed updates to its approach to rating TruPS CDOs
New York, May 02, 2014 -- Moody's Investors Service is seeking comments from market participants on proposed updates to its rating approach for collateralized debt obligations backed by trust preferred securities (TruPS CDOs). The updates, if adopted, will have a generally positive impact of up to four notches on the ratings of senior tranches and up to three notches on those of mezzanine and junior tranches.