What does it mean when a bond or note has a global scale rating?
In connection with the issuance of certain federally taxable GO bonds, the State may elect to use a global scale rating provided by Moodys Investors Service, in addition to the traditional ratings from the three agencies listed above. The Moody’s global scale rating assesses the risk of repayment on the rated taxable bonds as compared to the bonds of other global institutions, including corporations, as opposed to Moody’s traditional municipal ratings, which compare the issuers bonds solely to the bonds of other municipal institutions located in the United States.
