16.12.2013 18:49:00
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Moody's requests comments on revised approach to rating tobacco settlement ABS
New York, December 16, 2013 -- Moody's Investors Service is seeking comments from market participants on proposed changes to its rating approach for tobacco settlement revenue securitizations. Specifically, Moody's is proposing to change its cash flow modeling assumptions for the non-participating manufacturer (NPM) adjustment provisions. The change is detailed in the "Request for Comment: Moody's Approach to Rating Tobacco Settlement Revenue Securitizations" available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBS_SF348029.