Moody’s Investors Service launched a private loan ratings service for issuers in the Europe, Middle East and Africa (EMEA) markets, the rating agency said today.

The Moody’s Unpublished Monitored Loan Rating (UMLR) service became effective today, Moody’s said. It will offer analysis identical to its regularly published ratings of loans and issuers. It will also increase its analysis of the public ratings of CLOs that hold relevant loans.

But the UMLR will not be published in the way its regular reports are, and will be available to its loan syndicate members through an electronic platform.

The rating agency said it made the move to meet the needs of private companies on the EMEA markets after receiving market feedback.

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