A representative of Moody's Investors Service said the regulatory-reform law has not prompted the credit rating agency to try to get agreement from municipal bond issuers regarding indemnification language for credit ratings. "Moody's has made no changes to its indemnification language in over a year," the spokesman said. "The indemnification clause included is common in business-services agreements. Over the past few years, we have been introducing standard rating agreements across all sectors, including the municipal sector."
Published in Brief: