Moody's publishes its updated methodology for rating securities backed by secured debt and equity tranches of TruPS CDOs

New York, October 07, 2016 -- Moody's Investors Service has published an updated methodology for rating securities backed by both secured debt and equity tranches of collateralized debt obligations backed by trust preferred securities (TruPS CDOs). The updated methodology, which replaces the one last published on 26 June 2014, aims to account for the risks associated with a potential refinancing of the TruPS CDO secured debt tranches in such securities. The update follows the review of comments in response to the Requests for Comment (RFCs) "Moody's Proposes Revised Approach to Rating Instruments Backed by CLO/CDO Secured Debt Tranches and Equity", published on 29 July 2016, and "Moody's Proposes Revised Approach to the Rating of Combination Securities", published on 21 April 2016.

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