Moody's launches service for U.S. placements in Australia, Canada, EMEA

By Angela McDaniels

Tacoma, Wash., Sept. 3 - Moody's Investors Service said it expanded its Unpublished Monitored Private Placement Rating service for private placements in the U.S. market, making it available in its Australia, Canada and Europe Middle East Africa operating regions.

Moody's UMPPR product was launched in November 2012 for private placement issuers based in the United States. The service is now being extended into new jurisdictions for locally based issuers in the U.S. private placement market.

The agency said the service will offer a definitive analysis that is identical to the analysis for published ratings, thereby providing private placement market participants, at the issuer's request, with a detailed credit analysis.

Moody's will monitor and rate the credit quality of a company and its private placement instruments for the lifetime of their issuance.

The information will be made available by an issuer to its investors solely through an electronic data room platform owned and hosted by the issuer company. The issuer company will provide details about its private placement investors to the data-room provider, which will coordinate access to the data room.

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