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Insured obligations with public underlying ratings trade more favorably. (News Briefs).(Brief Article)
In a newly released special report, Moody's Investors Service says that insured obligations with public underlying ratings tend to trade more favorably than those without such ratings. Moody's cites the increased transparency of the public underlying ratings, which allow investors to discern the internal credit assessment of the insured issue; the critical need for a public underlying rating along with the insured one in order for fund managers to calculate the ...
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Source: HighBeam Research, Insured obligations with public underlying ratings trade more...