Moody’s Investors Service is not pushing municipal bond issuers to agree to indemnification language for ratings as a result of provisions in the new financial regulatory reform law that make it easier for investors to sue rating agencies, a spokesman for the firm said Friday.

“Moody’s has made no changes to its indemnification language in over a year,” the spokesman said. “The indemnification clause included is common in business services agreements. Over the past few years we have been introducing standard rating agreements across all sectors, including the municipal sector.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.