Date: November 21, 2011
Contact: Jennifer A. Galloway, Chief Communications Officer
MUNICIPAL SECURITIES CREDIT RATINGS FROM FITCH RATINGS AND
STANDARD & POOR’S AVAILABLE ON THE MSRB’S EMMA WEBSITE
Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today began providing investors and others with free public access to current municipal credit ratings on its EMMA® website. The ratings, from Fitch Ratings and Standard & Poor’s, are displayed on EMMA for all individual municipal securities that have ratings assigned by the two agencies.
The display of current ratings on EMMA is consistent with the MSRB’s goal of supporting individual investors’ free access to municipal bond information.
“The addition of credit ratings to EMMA contributes another key element to a single site that empowers individual investors to make informed decisions,” said MSRB Executive Director Lynnette Kelly Hotchkiss. “We applaud the participation of Fitch Ratings and S&P, and their support of the MSRB’s goal to provide municipal market transparency.”
Fitch Ratings and S&P are among the rating agencies registered with the Securities and Exchange Commission as Nationally Recognized Statistical Rating Organizations.
Effective today, EMMA will display long-term credit ratings for individual securities, along with any short-term rating, underlying or unenhanced rating, credit enhancement features or other information that may be provided. EMMA also provides links to additional information from credit rating agencies, including definitions, prior ratings research reports and more. Watch a video about ratings on EMMA.
The EMMA website is a centralized online database operated by the MSRB that provides free public access to official disclosure documents and trade data associated with municipal bonds issued in the United States. In addition to current credit rating information, the EMMA website also makes available real-time trade data and primary market and continuing disclosure documents for approximately 1.5 million outstanding municipal bonds, as well as current interest rate information, liquidity documents and other information for most variable rate municipal securities.