Moody's Investors Service placed $18 billion of lease-backed, moral obligation and comparable debt on review.
The review, disclosed in a press release Friday, stems from a new methodology covering this class, amounting to 4000 ratings. Of the 4,000 Moody's has put on review 462. Of these 462 ratings, 282 are on review for an upgrade and 180 are on review for a downgrade. Most reviews should be completed within 90 days.
Among the notable ratings on review for an upgrade are those of San Francisco and Los Angeles. Among the notable ratings on review for a downgrade are Indianapolis and Philadelphia.
A link to the ratings on review can be found
