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Moody's Makes Steps Toward Ratings Clarity: Moody's adds to ratings methodology but investors suggest that the new criteria may not do much for transparency

It appears that rating agencies have listened and learned from investor gripes about the ratings process's opacity.

Two weeks ago, Fitch Ratings unveiled a new methodology for rating corporate CDOs. Last week, Moody's Investors Service followed suit by enhancing its approach to rating structured finance transactions.

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