WASHINGTON — Moody's Investors Service plans in mid-April to move to a global scale for its municipal bond ratings so that they are more in line with its corporate debt ratings, after postponing the initiative during the height of the financial crisis.

The rating agency's announcement of the move came a day after Senate Banking Committee chairman Christopher Dodd, D-Conn., unveiled a redrafted financial regulatory reform proposal that would mandate such changes, similar to the reform bill the House passed in December.

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.