New York, December 05, 2013 -- Moody's Investors Service has updated its approach to rating debt issuances of certified capital companies, or "CAPCOs," to include rating debt issued to take advantage of the tax credits available under new markets tax credit (NMTC) programs. Moody's has now implemented changes to this methodology, which it had proposed in a 29 October 2013 request for comment, "Moody's Methodology for Rating Debt Issuance Under Certified Capital Company and New Markets Tax Credit Programs."
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