Moody's Investors Service will be extending the comment period on proposed changes to its modeling framework for cash-flow CLOs.
The extension was made to accommodate requests from certain market participants. Moody's will now be accepting comments until April 22, which was extended from April 8.
As earlier reported by StructuredFinanceNews.com, the rating agency is seeking feedback as part of a process that will include a review of its ratings. Moody's is requesting that market participants respond to the proposals described in Moody’s Proposes to Change Its Global CLO Modeling Assumptions.
The proposed changes would apply globally to CLOs and CBOs that Moody’s models using the Binomial Expansion Technique (BET) modeling framework, the agency said. The request for comment does not include deals that were rated using other modeling frameworks.