CHICAGO -Moody's Investors Service is keeping its eye on the issuers it rates that were hardest hit by widespread flooding in the Midwest last month to gauge the long-term fiscal strains that might result from a drop in property levies and taxable levies, but no immediate credit action is expected as recovery continues, according to a new report.

The report, titled Midwest Flood Update, provides an update on Moody's efforts to assess the damage - that ranged from minimal to severe - and implications on the credits it rates in Iowa, Illinois, Indiana, Missouri, and Wisconsin that experienced flooding from rising lake and river waters and breached levies.

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.