07.01.2016 19:19:00
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The Depository Trust Company -- Moody's assigns Aaa clearing counterparty ratings to DTCC's depository and clearing services
New York, January 07, 2016 -- Moody's Investors Service assigned Aaa clearing counterparty ratings (CCRs) to the core depository and clearing services and subsidiaries of The Depository Trust & Clearing Corporation (DTCC, Aa3, stable): namely the Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), as well as the Government Securities Division (GSD) and Mortgage-Backed Securities Division (MBSD) of the Fixed Income Clearing Corporation. At the same time, Moody's affirmed the Prime-1 short-term issuer ratings of NSCC (including NSCC's Prime-1 on its Commercial Paper / Extendible Notes program), DTC and the Fixed Income Clearing Corporation (FICC), and the Aa3 long-term issuer rating and A2(hyb) Preferred Stock Non-cumulative rating of DTCC. The outlook on all ratings remains stable.