Moody's Requests Comments on Country Ceiling Approach in Euro Area and Other Currency Unions

London, 20 November 2014 -- Moody's Investors Service has today published a request for comment (RFC) seeking market feedback on proposed changes to its approach to country risk ceilings in the euro area and other currency unions, captured within its cross-sector methodology "Local Currency Country Risk Ceiling for Bonds and Other Local Currency Obligations". The request for comment proposes wider notching between the government bond rating and its country ceilings in the euro area to reflect the significantly lower risk of exit from the union and redenomination following government bond defaults by members of the euro area.

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