Moody’s halts JDA rollout
Moody’s is considering refinements to its controversial joint default analysis (JDA) bank rating methodology.
It postponed the rollout of its rating revisions late on Friday March 9. At the time, the agency was two weeks into its seven-week rollout process.
The new methodology, which takes into account systemic support for banks as well as their fundamental financial strength, had received widespread criticism from the market.
The agency said the refinement “would likely affect positive bank
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