Fitch Ratings yesterday issued a summary of a recent meeting to discuss a change to the municipal rating scale that would put it more in line with corporate debt.

One week ago today, Fitch hosted a group of issuers and investors at its New York City office to discuss the relative merits and drawbacks to changing the municipal scale. Attendees were large governmental issuers and some of the market's most active investors, including representatives of several mutual funds and one hedge fund.

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