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New US Municipal Ratings
Thomson Reuters has significantly enhanced our municipals "muni" ratings offering in the United States. A muni bond is a bond issued by a city or other local government, or their agencies and a bond rating evaluates the credit risk.
There are three major rating agencies for muni bonds: Moody’s Investors Service, Standard & Poor’s, and Fitch Ratings. Thomson Reuters is now sourcing and delivering muni ratings directly from these three agencies enabling us to:
- improve accuracy on all ratings
- offer more rating types including underlying, enhanced, short-term and issuer ratings
- add rating histories
- provide intraday updates, watches and outlooks
- populate and deliver backed flag, high yield, and investment grade distinction data
- increase coverage to provide access to 16,000 more Muni bonds, totaling 2,722,335 securities (+40% for actives & +60% for inactives)
While many factors go into the investment decision making process, the bond rating is often the single most important factor affecting the interest cost on bonds.
In assigning a rating for general obligation bonds the rating agencies assess the following factors:
- economy
- debt structure
- financial condition
- demographic factors, and
- management practices of the governing body and administration
These ratings are available within Thomson Reuters DataScope Onsite, 3000 Xtra and Eikon solutions.
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