MIAMI BEACH, FLA.- A number of analysts are concerned about the possible unintended consequences of rushing to "harmonize" the rating agencies' municipal and global rating scales, and are calling for market participants to meet to discuss the issue with the three major rating agencies.

Though many of the analysts gathered here Friday for the National Federation of Municipal Analysts' annual conference conceded that some changes to the municipal ratings scales are certain to be made eventually, they said that they are deeply troubled by those who want immediate changes. Others said they are opposed to any changes at all.

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