The Basel Committee on Banking Supervision released revisions to the liquidity-coverage ratio requirement included in Basel III Jan. 6, and Moody's Investors Service called them a positive for certain issuers.

"These revisions are credit positive for municipal issuers of variable-rate demand bonds (VRDBs) and similar securities because they will not likely result in banks increasing the cost or limiting the availability of credit facilities as much as what would have likely occurred under the committee's previous plan," analysts wrote in a report released Monday.

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