Proposed Notice for MSRB Regarding Ratings Recalibration

Letter to the Municipal Securities Rulemaking Board (MSRB) and the U.S. Securities and Exchange Commission (SEC) Office of Municipal Securities (OMS) expressing concern about the potential for market confusion during a period of recalibration of certain of its U.S. public finance credit ratings. The letter provides a draft notice for the MSRB to post to…