The Securities and Exchange Commission's stricter stance on disclosures from local governments will improve the entire industry, according to a report by Moody's Investors Service. The report also forecast that proposed rule changes to money market mutual funds will make them safer, although it may "lead to a reshaping of the industry, as some funds close or consolidate, and some of the smaller money-market fund managers either exit the business or reassess their business models," the report said.

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