Moody's Says Provisions Of Fin Reg Reform Bill May "Trigger Disruptions" In Credit Market

Tyler Durden's picture

Not like anyone cares what Moody's thinks but if even the rating agency can not spin some data in a benign way, there likely are some major sandtraps in there.

From Reuters:

U.S. lawmakers hammered out a historic
overhaul of financial regulations as dawn broke over the nation's
capital on Friday, handing President Barack Obama a major domestic
policy victory.

"Moody's supports
the many measures in the financial regulatory reform bill that enhance
the transparency and accountability of the credit ratings process and
is committed to implementing them in the most effective way possible,"
Moody's said in an e-mail statement to Reuters.

"At
the same time, we remain concerned that certain provisions of the bill
could have unintended consequences or trigger disruptions in the credit
market,
" the statement said.