Reviews reflect introduction of counterparty risk assessments for banksNew York, March 17, 2015 -- Moody's has placed the letter of credit-backed and liquidity supported ratings of 1,721 US Municipal obligations under review, 1,703 for upgrade and 18 for downgrade. These reviews are based on Moody's Introduction of Counterparty Risk Assessments for banks. For additional information on Moody's Counterparty Risk Assessments (CR Assessments) please see Moody's rating methodology titled "Rating Methodology: Banks" published March 16, 2015. For a discussion of application of CR Assessments in rating transactions supported by letters of credit, liquidity facilities and similar instruments provided by banks please see Moody's methodologies titled Rating Transactions based on the Credit Substitution Approach: Letter of Credit-backed, Insured and Guaranteed Debts and Variable Rate Instruments Supported by Conditional Liquidity Facilities, both of which were re-published March 16, 2015.

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