New York, January 15, 2014 -- Moody's Investors Service has placed 256 US local government general obligation bond ratings under review - 52% for upgrade and 48% for downgrade (132 and 124, respectively) - in conjunction with its updated rating methodology published today. Moody's has also placed on review ratings that are dependent on these affected general obligation ratings. The methodology increases the weight in Moody's overall assessment on debt and pensions to 20% from 10%, decreases the weight on economic factors to 30% from 40%, and introduces a scorecard for US local governments to enhance the transparency of key rating considerations.

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