Moody's launches UMLR service in Australian, Canadian markets

By Angela McDaniels

Tacoma, Wash., Sept. 2 - Moody's Investors Service said it launched its Unpublished Monitored Loan Rating (UMLR) service in the Australian and Canadian loan markets.

The service was introduced in the European market in 2011 and in the United States in 2012.

The agency said the UMLR service is meant to meet the needs of private companies in the syndicated leveraged loan market as well as other loan-only financed entities, such as the project finance asset class, and is comparable to Moody's published ratings.

Moody's will monitor and rate the credit quality of the company and facilities for the life of the loan and make it available to a company's existing and prospective loan syndicate members solely through an electronic data room platform.

All existing and prospective syndicate members will be able to view Moody's analysis on a particular company by accessing the platform.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.