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| The RBDA has filed a comment letter supporting a proposal by Moody's Investors Service to begin rating municipal bonds on the global rating scale. The RBDA said that the move "is in the long-term best interests of both issuers and investors, that it will lower financing costs for state and local governments, and that it will reduce confusion in the market and better enable investors to compare the credit risk of municipal debt with that of other debt products." |
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