www.moodys.com
Open in
urlscan Pro
2.16.186.171
Public Scan
URL:
https://www.moodys.com/privatepolicy.aspx?lang=en&cy=global
Submission: On November 16 via api from US — Scanned from DE
Submission: On November 16 via api from US — Scanned from DE
Form analysis 1 forms found in the DOM
POST ./privatepolicy.aspx?lang=en&cy=global
<form method="post" action="./privatepolicy.aspx?lang=en&cy=global" id="MdcForm">
<div class="aspNetHidden">
<input type="hidden" name="__EVENTTARGET" id="__EVENTTARGET" value="">
<input type="hidden" name="__EVENTARGUMENT" id="__EVENTARGUMENT" value="">
<input type="hidden" name="__LASTFOCUS" id="__LASTFOCUS" value="">
<input type="hidden" name="__VIEWSTATE" id="__VIEWSTATE"
value="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">
</div>
<script type="text/javascript">
//<![CDATA[
var theForm = document.forms['MdcForm'];
if (!theForm) {
theForm = document.MdcForm;
}
function __doPostBack(eventTarget, eventArgument) {
if (!theForm.onsubmit || (theForm.onsubmit() != false)) {
theForm.__EVENTTARGET.value = eventTarget;
theForm.__EVENTARGUMENT.value = eventArgument;
theForm.submit();
}
}
//]]>
</script>
<script type="text/javascript">
//<![CDATA[
if (typeof thePage === 'undefined') {
thePage = {};
}
thePage.locale = {
"Country": {
"Name": "Global",
"IsoName": "global"
},
"Language": {
"Name": "English",
"IsoName": "en"
},
"IsDefaultLanguage": true,
"IsRegionalSite": false,
"IsGlobalSite": true
};
//]]>
</script>
<div id="mdcContainer">
<div class="mdcTopPopupMsg" style=" display:none;">
<img src="/_layouts2/mdc/images/icon_warn_black.png" alt="info">
<p id="pBackToGlobalMsg"></p>
<a class="mdc-default-btn" id="btnBackToGlobalYes"><b><b><span>Yes</span></b></b></a>
<a class="mdc-default-btn" id="btnBackToGlobalNo"><b><b><span>No</span></b></b></a>
</div>
<div id="mdcRightDecorator">
<div>
<link href="/_layouts2/Mdc/Styles/CV2GlobalNav/cv2_global_nav.css?v=CV2_Patch.3.0.0-7a1a5b45-0dec-4a70-a6e8-ddc609aca340" rel="stylesheet" type="text/css">
<div id="cv2Header" class="" style="margin-left: -312px; width: 1600px;">
<meta charset="utf-8">
<meta httpequiv="X-UA-Compatible" content="IE=edge,chrome=1">
<meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0, user-scalable=no">
<meta name="format-detection" content="telephone=no">
<meta name="WT.z_dcsid" content="dcsnolwjk100008mm6kpnhg1w_6g2c">
<meta name="WT.z_usersource" content="0">
<meta name="WT.z_pageversion" content="">
<title>Moodys.com</title>
<link rel="stylesheet" href="/global/assets/mdc-neptune-e44838ae88.min.css">
<link rel="stylesheet" href="/global/assets/mdc-global-widgets-533368d95a.css">
<script type="text/javascript">
"use strict";
window.webtrendsAsyncInit = function() {
var cookieMets = "; expires=Thu, 01 Jan 1970 00:00:01 GMT; path=/; domain=.moodys.com";
var dcs = new Webtrends.dcs();
dcs.dcsSaveCookie("WT_FPC_CV2", {}, cookieMets);
dcs.init({
"dcsid": "dcsnolwjk100008mm6kpnhg1w_6g2c",
"domain": "statse.webtrendslive.com",
"timezone": -5,
"i18n": false,
"plugins": {}
});
};
</script>
<script>
window._digitalData = {
"pageInstanceID": "",
"user": {
"id": "000000000000000000000000000000000000"
},
"page": {
"pageInfo": {
"pageVersion": "CV1",
"language": "en",
"version": "global"
},
"contentInfo": {},
"attributes": {}
},
"event": {}
}
</script>
<script>
! function(e) {
var n = "https://s.go-mpulse.net/boomerang/";
if ("False" == "True") e.BOOMR_config = e.BOOMR_config || {}, e.BOOMR_config.PageParams = e.BOOMR_config.PageParams || {}, e.BOOMR_config.PageParams.pci = !0, n = "https://s2.go-mpulse.net/boomerang/";
if (window.BOOMR_API_key = "QUNXN-764TR-4DQ3T-HPQ97-7T3QG", function() {
function e() {
if (!o) {
var e = document.createElement("script");
e.id = "boomr-scr-as", e.src = window.BOOMR.url, e.async = !0, i.parentNode.appendChild(e), o = !0
}
}
function t(e) {
o = !0;
var n, t, a, r, d = document,
O = window;
if (window.BOOMR.snippetMethod = e ? "if" : "i", t = function(e, n) {
var t = d.createElement("script");
t.id = n || "boomr-if-as", t.src = window.BOOMR.url, BOOMR_lstart = (new Date).getTime(), e = e || d.body, e.appendChild(t)
}, !window.addEventListener && window.attachEvent && navigator.userAgent.match(/MSIE [67]\./)) return window.BOOMR.snippetMethod = "s", void t(i.parentNode, "boomr-async");
a = document.createElement("IFRAME"), a.src = "about:blank", a.title = "", a.role = "presentation", a.loading = "eager", r = (a.frameElement || a).style, r.width = 0, r.height = 0, r.border = 0, r.display = "none", i.parentNode
.appendChild(a);
try {
O = a.contentWindow, d = O.document.open()
} catch (_) {
n = document.domain, a.src = "javascript:var d=document.open();d.domain='" + n + "';void(0);", O = a.contentWindow, d = O.document.open()
}
if (n) d._boomrl = function() {
this.domain = n, t()
}, d.write("<bo" + "dy onload='document._boomrl();'>");
else if (O._boomrl = function() {
t()
}, O.addEventListener) O.addEventListener("load", O._boomrl, !1);
else if (O.attachEvent) O.attachEvent("onload", O._boomrl);
d.close()
}
function a(e) {
window.BOOMR_onload = e && e.timeStamp || (new Date).getTime()
}
if (!window.BOOMR || !window.BOOMR.version && !window.BOOMR.snippetExecuted) {
window.BOOMR = window.BOOMR || {}, window.BOOMR.snippetStart = (new Date).getTime(), window.BOOMR.snippetExecuted = !0, window.BOOMR.snippetVersion = 12, window.BOOMR.url = n + "QUNXN-764TR-4DQ3T-HPQ97-7T3QG";
var i = document.currentScript || document.getElementsByTagName("script")[0],
o = !1,
r = document.createElement("link");
if (r.relList && "function" == typeof r.relList.supports && r.relList.supports("preload") && "as" in r) window.BOOMR.snippetMethod = "p", r.href = window.BOOMR.url, r.rel = "preload", r.as = "script", r.addEventListener("load",
e), r.addEventListener("error", function() {
t(!0)
}), setTimeout(function() {
if (!o) t(!0)
}, 3e3), BOOMR_lstart = (new Date).getTime(), i.parentNode.appendChild(r);
else t(!1);
if (window.addEventListener) window.addEventListener("load", a, !1);
else if (window.attachEvent) window.attachEvent("onload", a)
}
}(), "".length > 0)
if (e && "performance" in e && e.performance && "function" == typeof e.performance.setResourceTimingBufferSize) e.performance.setResourceTimingBufferSize();
! function() {
if (BOOMR = e.BOOMR || {}, BOOMR.plugins = BOOMR.plugins || {}, !BOOMR.plugins.AK) {
var n = "" == "true" ? 1 : 0,
t = "",
a = "yisgyficcc5kwymt36wq-f-1f0d4c243-clientnsv4-s.akamaihd.net",
i = "false" == "true" ? 2 : 1,
o = {
"ak.v": "32",
"ak.cp": "144079",
"ak.ai": parseInt("198971", 10),
"ak.ol": "0",
"ak.cr": 12,
"ak.ipv": 4,
"ak.proto": "h2",
"ak.rid": "27d02cfa",
"ak.r": 31714,
"ak.a2": n,
"ak.m": "a",
"ak.n": "essl",
"ak.bpcip": "194.36.108.0",
"ak.cport": 33577,
"ak.gh": "2.16.186.167",
"ak.quicv": "",
"ak.tlsv": "tls1.3",
"ak.0rtt": "",
"ak.csrc": "-",
"ak.acc": "",
"ak.t": "1637081005",
"ak.ak": "hOBiQwZUYzCg5VSAfCLimQ==BN8UfigAhPCHa9Zo7BXWkTNhYSvNUvaGg936wW4YutweDhjiarZkp2KwH8fkahpGjchSAXO9leE/774kp1g0H+ybpguDbQVWBf57bjUuiXLnlwSDFs+dXrGCXXASdhwjyp78uFsa7pMOfm4QU0szmxZhT6iAUYDA+qkFijbepjvlM/4Aw4yyQEiUcVdqhm3CPqnOUnhRgeRkPqlXj3H7A/NHsU8vUd7G2F/7GpzcPbkdPXWKFqMNTQUrKw5kpBQb1Bobgg3+/XlvX259ASVygb0KGBQnldiKVqR5jGa1yfiT2FtBXYoFABX+e8NvXrdCCMGdrIGmNar5yNmdZyXdQmpKx/O1kAwEY/LShMjDP6YTJvPALmTLR4lMGUOdkhu0o2wkavXkaYnosbY264ay6PxQxauQtWL8wlGUJ9Sel4g=",
"ak.pv": "118",
"ak.dpoabenc": "",
"ak.tf": i
};
if ("" !== t) o["ak.ruds"] = t;
var r = {
i: !1,
av: function(n) {
var t = "http.initiator";
if (n && (!n[t] || "spa_hard" === n[t])) o["ak.feo"] = void 0 !== e.aFeoApplied ? 1 : 0, BOOMR.addVar(o)
},
rv: function() {
var e = ["ak.bpcip", "ak.cport", "ak.cr", "ak.csrc", "ak.gh", "ak.ipv", "ak.m", "ak.n", "ak.ol", "ak.proto", "ak.quicv", "ak.tlsv", "ak.0rtt", "ak.r", "ak.acc", "ak.t", "ak.tf"];
BOOMR.removeVar(e)
}
};
BOOMR.plugins.AK = {
akVars: o,
akDNSPreFetchDomain: a,
init: function() {
if (!r.i) {
var e = BOOMR.subscribe;
e("before_beacon", r.av, null, null), e("onbeacon", r.rv, null, null), r.i = !0
}
return this
},
is_complete: function() {
return !0
}
}
}
}()
}(window);
</script>
<script>
window._neptuneLabels = {
"lang": "en",
"labels": {
"add": "Add",
"all": "All",
"allSelected": "All Selected",
"cancel": "Cancel",
"startDate": "Start Date",
"endDate": "End Date",
"loading": "Loading",
"jan": "Jan",
"feb": "Feb",
"mar": "Mar",
"apr": "Apr",
"may": "May",
"jun": "Jun",
"jul": "Jul",
"aug": "Aug",
"sep": "Sep",
"oct": "Oct",
"nov": "Nov",
"dec": "Dec",
"next": "Next",
"noneSelected": "None Selected",
"off": "Off",
"ok": "Ok",
"on": "On",
"outlook": "Outlook",
"previous": "Previous",
"save": "Save",
"saved": "Saved",
"selectEllipsis": "Select...",
"selected": "Selected",
"selectAll": "Select All",
"selectDate": "Select Date",
"selectYear": "Select a year",
"to": "To",
"translation": "Translation",
"unsave": "Unsave",
"noRecord": "No record",
"asReported": "As Reported",
"adjustments": "Adjustments",
"asAdjusted": "As Adjusted",
"view": "View",
"collapseAll": "Collapse All",
"filing": "Filing",
"pagerDefaultLabel": "Items",
"displayTotal": "",
"displayOnePage": "Displaying {itemCount} {itemType}",
"displayRange": "Displaying {startIndex} to {endIndex} of {itemCount} {itemType}",
"researchModuleDssTitle": "Add to CreditView Research Documents",
"researchModuleDssText": "You may add this document to your Portfolio",
"researchModuleDssError": "The maximum number of Documents has been added.",
"researchModuleDssPurchaseMsg": "To add this Document to your CreditView Research Documents, contact Client Services for assistance. Or, {purchase} it separately using a third-party website, Alacra.",
"researchModuleDssPurchase": "purchase",
"researchModuleDssMore": "{itemCount} MORE",
"researchModuleDssAlert": "Rendering Alert Setting Page Here!",
"noMatches": "No matches",
"search": "Search",
"searchEllipsis": "Search...",
"noResults": "No results",
"chooseOptions": "Choose options",
"listBoxButtonText": "Custom Entity",
"listBoxTextboxPlaceholder": "Custom Entity Name (Optional)",
"listBoxEmptyMsg": "Select Sector and State to view Entities",
"listBoxErrorMsg": "No Entities with that criteria. Click CONFIRM or enter optional entity name above",
"listBoxsearchPlaceholder": "Type to search...",
"progressTitle": "Generating Report",
"progressMsg": "Report generation can take up to several minutes. Thank you for your patience.",
"progressErrorMsg": "Time out, Please try again",
"progressLinkMsg": "Open current page in new tab.",
"progressCountinueMsg": "To continue working."
}
}
</script>
<script type="text/javascript" src="/global/assets/cv2-raven-f868841da0.js"></script>
<script src="https://cdn.cookielaw.org/scripttemplates/otSDKStub.js" type="text/javascript" charset="UTF-8" data-domain-script="c16d19ef-bf60-4dce-9d6f-8afada1cd51b">
</script>
<script type="text/javascript">
function OptanonWrapper() {}
</script>
<script>
typeof(Raven) !== "undefined" && Raven.config("//key@www.moodys.com/client-error-logger", {
captureUnhandledRejections: true,
autoBreadcrumbs: true
}).install()
</script>
<div>
<div class="row-banner"></div>
<div class="row-header">
<div class="mdc-app upsell-modal--widget" data-render="ready">
<script type="application/json">
{
"args": {
"isModal": true,
"purchaseLink": "https://moodys.alacra.com/research/moodys-global-credit-research---"
},
"store": {
"loginUpsell": {
"initData": {
"isModal": true,
"purchaseLink": "https://moodys.alacra.com/research/moodys-global-credit-research---"
}
},
"navLogin": {
"autoLogin": false,
"isLogin": false,
"isShow": false,
"message": "",
"IsShowLogin": false,
"userInfoReady": false,
"regionalSite": true
},
"globalCmsData": {
"menus": [],
"customerService": {},
"eventAndTraining": {},
"login": {
"myMoodysLabel": "My Moody's",
"loginLink": "LOG IN",
"loginTitle": "LOG IN",
"registeredUserLabel": "Log in",
"userName": "Username",
"userNameDefault": "",
"password": "Password",
"passwordDefault": "",
"rememberMe": "Remember me",
"forgotUserOrPass": {
"icon": "arrow-right-circle",
"label": "Forgot your username or password?",
"target": null,
"url": "/loginhelp.aspx?lang=en&cy=global",
"description": null
},
"links": {
"list": [{
"icon": null,
"label": "Follows",
"target": false,
"url": "/follows/feed",
"description": null
}, {
"icon": null,
"label": "Alerts",
"target": false,
"url": "/page/setalertspage.aspx",
"description": null
}, {
"icon": null,
"label": "My Documents",
"target": false,
"url": " /page/mydocuments.aspx",
"description": null
}, {
"icon": null,
"label": "CreditView Research Documents",
"target": null,
"url": "/creditview-research-reports/documents",
"description": null
}, {
"icon": null,
"label": "CreditView Research Briefcase",
"target": null,
"url": "/creditview-research-briefcase",
"description": null
}, {
"icon": null,
"label": "Saved Documents",
"target": false,
"url": "/saved-docs",
"description": null
}, {
"icon": null,
"label": "Portfolios",
"target": false,
"url": "/portfolio-landing/entity",
"description": null
}, {
"icon": null,
"label": "Events",
"target": false,
"url": "/newsandevents/events_/-/-/2/0/elq",
"description": null
}, {
"icon": null,
"label": "Profile",
"target": false,
"url": "/page/editmyprofile.aspx?lang=en&cy=global",
"description": null
}, {
"icon": null,
"label": "Log Out",
"target": false,
"url": "/logout.aspx?lang=en&cy=global&v3=true",
"description": null
}],
"_Attributes": {}
},
"usingAnotherAccount": "Log in with :",
"notRegisteredLabel": "Not Registered Yet ?",
"registerNowText": "Benefits include access to:",
"featuresForRegister": {
"list": [{
"featureForRegister": "Issuer Ratings"
}, {
"featureForRegister": "Rating Methodologies"
}, {
"featureForRegister": "Weekly Credit Outlook"
}, {
"featureForRegister": "Events Calendar"
}],
"_Attributes": {}
},
"registerNowButtonLabel": "Register",
"loginButton": "LOG IN",
"cancelButton": "Cancel"
},
"ratings": {},
"research": {},
"sectorsAndRegions": {},
"toolsAndData": {},
"reports": {}
},
"ssoSwitch": {
"isOn": false
},
"locale": {
"language": "en",
"resource": {
"cmsLabels": {
"subscribePrompt": "This content is only available to subscribers.",
"subscribeTitle": "Subscribe",
"addedValuesTitle": "Added values of being a Moody's subscriber include:",
"addedValuesItem1": "Full access to moodys.com",
"addedValuesItem2": "Analyst interaction opportunities",
"addedValuesItem3": "Invitations to exclusive events",
"learnMore": "To learn more, please {contactUs}",
"contactUs": "contact us",
"purchaseTitle": "Purchase",
"purchaseText": "Purchase this document and browse other available Moody's research. Per document purchases are managed by Alacra.",
"purchaseButton": "Purchase",
"footerText": "If you feel you have received this message in error, please {contactUs}.",
"expandSubscribePrompt": "This content is not included in your current subscription.",
"expandSubscribeTitle": "Expand Subscription",
"obtainWiderAccess": "Obtain wider access to Moody's data, analytics, and research."
}
}
}
}
}
</script>
<style data-styled="true" data-styled-version="5.0.1"></style>
<div class="w"></div>
</div>
<div class="mdc-app page-header--widget" data-render="ready">
<script type="application/json">
{
"args": {
"config": {
"gtmCode": "GTM-TP8MKQH",
"webchatConfig": {
"chatPicId": "573f3000000fxSa",
"deploymentFirstId": "572f3000000fxSa",
"deploymentSecondId": "00D400000008nKe",
"initUrl": "https://d.la1-c1-iad.salesforceliveagent.com"
},
"snapIns": {
"active": "false",
"serviceForceEswJsUrl": null,
"agentMoodysUrl": "https://supportdev-moodysanalytics.cs47.force.com/Site4LiveAgent",
"moodysAgentUrl": "https://moodysanalytics--SupportDEV.cs47.my.salesforce.com",
"orgId": "00D2a0000008qNt",
"liveChatSnapIn": null,
"baseLiveAgentContentURL": null,
"deploymentId": "5722a000000015o",
"buttonId": "5732a00000001CS",
"baseLiveAgentURL": null,
"eswLiveAgentDevName": null,
"isOfflineSupportEnabled": null,
"moodysEswJsUrl": null,
"serviceForceUrl": null,
"labelEnabled": false
},
"web2caseDestination": "https://moodysanalytics--QA2.cs15.my.salesforce.com/servlet/servlet.WebToCase?encoding=UTF-8",
"mixPage": true,
"minimalHeader": {
"show": false,
"title": ""
}
}
},
"store": {
"pageHeader": {
"isShown": false,
"config": {
"gtmCode": "GTM-TP8MKQH",
"webchatConfig": {
"chatPicId": "573f3000000fxSa",
"deploymentFirstId": "572f3000000fxSa",
"deploymentSecondId": "00D400000008nKe",
"initUrl": "https://d.la1-c1-iad.salesforceliveagent.com"
},
"snapIns": {
"active": "false",
"serviceForceEswJsUrl": null,
"agentMoodysUrl": "https://supportdev-moodysanalytics.cs47.force.com/Site4LiveAgent",
"moodysAgentUrl": "https://moodysanalytics--SupportDEV.cs47.my.salesforce.com",
"orgId": "00D2a0000008qNt",
"liveChatSnapIn": null,
"baseLiveAgentContentURL": null,
"deploymentId": "5722a000000015o",
"buttonId": "5732a00000001CS",
"baseLiveAgentURL": null,
"eswLiveAgentDevName": null,
"isOfflineSupportEnabled": null,
"moodysEswJsUrl": null,
"serviceForceUrl": null,
"labelEnabled": false
},
"web2caseDestination": "https://moodysanalytics--QA2.cs15.my.salesforce.com/servlet/servlet.WebToCase?encoding=UTF-8",
"mixPage": true,
"minimalHeader": {
"show": false,
"title": ""
}
},
"siteConfig": {
"domainUrl": "https://www.moodys.com",
"switch": {
"screeningReporting": false,
"notificationsFollows": false,
"newPss": true,
"ahsCFMEnable": false,
"unratedEnable": false,
"cfmSegmentAnalysis": false,
"ifmSupplementalDataEnabled": false,
"ifmRatioEnabled": false,
"siteCoreEventPromotion": false
},
"rating": {
"withdrawnReasonDateLine": "2010-08-01",
"host": "https://www.moodys.com",
"ratingOrgListCRRSwitch": true,
"brexitSwitch": true
},
"sector": {
"maxDimensionLevel": 5
},
"loginUpsell": {
"purchaseLink": "https://moodys.alacra.com/research/moodys-global-credit-research---"
},
"countryCeilingURL": "/research/Sovereign-Supranational-Rating-List--PBC_186519",
"loginUrl": "/login",
"ctm": {
"isIssuerProbsOpened": true
},
"alacraStore": "https://moodys.alacra.com",
"apiModuleServiceUrls": {
"mdc-financial-matrix-apisdk": "http://prd.intapi-a.csr.tld",
"mdc-dss-apisdk": "http://prd.intapi-a.csr.tld"
},
"apiHostConfigs": {
"sharepointcontentservice": {
"host": "prd.intapi-a.csr.tld",
"port": 80,
"protocol": "http"
},
"capitalstructureservice": {
"host": "ftc-wbcvweb201",
"port": 5120,
"protocol": "http"
},
"capstrServer": {
"host": "prd.intapi-a.csr.tld",
"port": "80",
"version": "1.0"
}
},
"featureName": "global",
"server": {
"host": "0.0.0.0",
"port": 8080,
"debug": false,
"connectionLoad": {
"maxHeapUsedBytes": 0,
"maxRssBytes": 0,
"maxEventLoopDelay": 0,
"sampleInterval": 0
},
"sampleInterval": 0
},
"api": {
"serviceUrl": "http://prd.intapi-a.csr.tld"
},
"message": {
"msgDelayTime": 8000
},
"webchat": {
"chatPicId": "573f3000000fxSa",
"deploymentFirstId": "572f3000000fxSa",
"deploymentSecondId": "00D400000008nKe",
"initUrl": "https://d.la1-c1-iad.salesforceliveagent.com"
},
"snapIns": {
"active": "false",
"serviceForceEswJsUrl": null,
"agentMoodysUrl": "https://supportdev-moodysanalytics.cs47.force.com/Site4LiveAgent",
"moodysAgentUrl": "https://moodysanalytics--SupportDEV.cs47.my.salesforce.com",
"orgId": "00D2a0000008qNt",
"liveChatSnapIn": null,
"baseLiveAgentContentURL": null,
"deploymentId": "5722a000000015o",
"buttonId": "5732a00000001CS",
"baseLiveAgentURL": null,
"eswLiveAgentDevName": null,
"isOfflineSupportEnabled": null,
"moodysEswJsUrl": null,
"serviceForceUrl": null,
"labelEnabled": false
},
"remoteFrontends": {
"mdc-global": null,
"mdc-global-widgets": null,
"mdc-issuer-summary": null,
"mdc-issuer-summary-shared-widgets": null
},
"widgetMapping": {
"mdc-global-widgets.AppNavigation": {
"id": "app-navigation",
"renderMode": "both",
"paramTypes": {
"selected": "dss"
},
"translated": true
},
"mdc-global-widgets.GlobalWarning": {
"id": "mdc-global-warning",
"renderMode": "both",
"translated": true
},
"mdc-global-widgets.PageHeader": {
"id": "page-header",
"renderMode": "both",
"paramTypes": {
"config": {
"gtmCode": {
"type": "string",
"example": "GTM-TP8MKQH"
},
"webchatConfig": {
"type": "object",
"example": {
"chatPicId": "5730m000000CaR7",
"deploymentFirstId": "5720m000000CaR7",
"deploymentSecondId": "00D0m0000000ReD",
"initUrl": "https://d.la1-c2cs-ord.salesforceliveagent.com",
"insideId": "1252213"
}
},
"snapIns": {
"type": "object",
"example": {
"active": true,
"serviceForceEswJsUrl": "//service.force.com/embeddedservice/5.0/esw.min.js"
}
},
"web2caseDestination": {
"type": "string",
"example": "https://moodysanalytics--QA2.cs15.my.salesforce.com/servlet/servlet.WebToCase?encoding=UTF-8"
},
"mixPage": {
"type": "bool",
"example": false
},
"minimalHeader": {
"type": "object",
"example": {
"show": false,
"title": ""
}
}
}
},
"translated": true
},
"mdc-global-widgets.UpsellModal": {
"id": "upsell-modal",
"renderMode": "both",
"renderOption": {
"allowEmpty": true
},
"translated": true
},
"mdc-global-widgets.SessionTimeoutManager": {
"id": "session-timeout-manager",
"renderMode": "client",
"translated": true
},
"mdc-global-widgets.TopMessageBar": {
"id": "top-message-bar",
"renderMode": "client",
"translated": true
},
"mdc-global-widgets.PageFooter": {
"id": "page-footer",
"renderMode": "both",
"translated": true
},
"mdc-global-widgets.NotFoundContent": {
"id": "not-found-page-content",
"renderMode": "client",
"translated": true
},
"mdc-global-widgets.ErrorPageContent": {
"id": "error-page-content",
"renderMode": "client",
"translated": true
},
"mdc-global-widgets.Follow": {
"id": "follow",
"renderMode": "both",
"paramTypes": {
"propertyId": {
"type": "string",
"required": false,
"example": "40400"
},
"dimensionId": {
"type": "string",
"required": false,
"example": "005001"
},
"followName": {
"type": "string",
"required": false,
"example": "Nike Inc."
},
"pageType": {
"type": "string",
"required": false,
"example": "issuer"
},
"followType": {
"type": "number",
"required": false,
"example": 1
},
"translatedFollowName": {
"type": "string",
"required": false,
"example": "Nike Inc."
},
"isChinaCvOrg": {
"type": "boolean",
"required": false,
"example": false
}
},
"translated": true
},
"mdc-global-widgets.TopicsFollow": {
"id": "follows-topic",
"renderMode": "both",
"paramTypes": {
"pageType": {
"type": "string",
"required": false,
"example": "topic"
},
"followType": {
"type": "number",
"required": false,
"example": 3
},
"mossId": {
"type": "string",
"required": false,
"example": "004003"
},
"translatedFollowName": {
"type": "string",
"required": false,
"example": "Nike.Inc"
}
},
"translated": true
},
"mdc-global-widgets.CreditFoundationsFollow": {
"id": "follows-cf",
"renderMode": "both",
"paramTypes": {
"pageType": {
"type": "string",
"required": false,
"example": "topic"
},
"followType": {
"type": "number",
"required": false,
"example": 3
},
"mossId": {
"type": "string",
"required": false,
"example": "004003"
},
"translatedFollowName": {
"type": "string",
"required": false,
"example": "Nike.Inc"
}
},
"translated": true
},
"mdc-issuer-summary-shared-widgets.issuer-header": {
"id": "issuer-header",
"renderMode": "both",
"paramTypes": {
"orgId": {
"type": "string",
"required": false,
"example": "40400"
},
"orgName": {
"type": "string",
"required": false,
"example": "NIKE, Inc."
},
"isShow": {
"type": "bool",
"required": false,
"example": true
},
"isUnrated": {
"type": "bool",
"required": false,
"example": true
},
"nonMisRated": {
"type": "bool",
"required": false,
"example": true
}
},
"translated": true
},
"mdc-issuer-summary-shared-widgets.issuer-navigation": {
"id": "issuer-navigation",
"renderMode": "both",
"paramTypes": {
"orgId": {
"type": "string",
"required": true,
"example": "40400"
},
"orgName": {
"type": "string",
"required": true,
"example": "NIKE, Inc."
},
"url": {
"type": "string",
"required": true,
"example": "/credit-ratings/NIKE-Inc-credit-rating-40400"
},
"template": {
"type": "string",
"required": false,
"example": "corporate"
},
"specialMenus": {
"type": "object",
"required": false,
"example": "[]"
},
"marketSegment": {
"type": "string",
"required": false,
"example": ""
},
"marketSegmentFull": {
"type": "string",
"required": false,
"example": ""
},
"isUnrated": {
"type": "bool",
"required": false,
"example": "false"
},
"isSearchFlow": {
"type": "bool",
"required": false,
"example": "false"
},
"queryParams": {
"type": "object",
"required": false,
"example": "{}"
}
},
"translated": true
},
"mdc-issuer-summary-shared-widgets.widget-issuer-scorecard": {
"id": "widget-issuer-scorecard",
"renderMode": "client",
"paramTypes": {
"orgId": {
"type": "string",
"required": true,
"example": "423690"
}
},
"translated": true
},
"mdc-issuer-summary-shared-widgets.widget-cafrs": {
"id": "widget-cafrs",
"renderMode": "client",
"paramTypes": {
"orgId": {
"type": "string",
"required": true,
"example": "423690"
}
},
"translated": true
},
"mdc-issuer-summary-shared-widgets.committee-report": {
"id": "committee-report",
"renderMode": "client",
"paramTypes": {
"orgId": {
"type": "string",
"example": "005001"
},
"marketSegment": {
"type": "string",
"example": "Corporates"
}
},
"translated": true
},
"mdc-issuer-summary-shared-widgets.sf-deal-reports-drawer": {
"id": "sf-deal-reports-drawer",
"renderMode": "both",
"translated": true
},
"mdc-issuer-summary-shared-widgets.quarterly-performance-report-drawer": {
"id": "quarterly-performance-report-drawer",
"renderMode": "both",
"paramTypes": {
"orgId": {
"type": "string",
"required": true,
"example": "723064647"
},
"orgName": {
"type": "string",
"required": true,
"example": "UniCredit Bank Czech Republic and Slovakia - Mortgage Covered Bonds"
}
},
"translated": true
}
},
"ravenDSN": "//key@www.moodys.com/client-error-logger",
"web2caseDestination": "https://moodysanalytics--QA2.cs15.my.salesforce.com/servlet/servlet.WebToCase?encoding=UTF-8",
"gtmCode": "GTM-TP8MKQH",
"qZID": "ZN_6MwgPzuyxmDNF5j",
"adobeDTMUrl": "//assets.adobedtm.com/launch-ENb743b986cb7b4bed811b092db7c593ab.min.js",
"walkmeUrl": "https://cdn.walkme.com/users/36f591a9492644f5ba7a0d42ed1aa7b5/walkme_36f591a9492644f5ba7a0d42ed1aa7b5_https.js",
"enableWidgetCache": true,
"enableDataLayerCache": true,
"WebTrendsDcsId": "dcsnolwjk100008mm6kpnhg1w_6g2c",
"purchaseLink": "https://moodys.alacra.com/research/moodys-global-credit-research---",
"cache": [{
"name": "widgetRedisCache",
"provider": {
"options": {
"partition": "widget"
}
}
}, {
"name": "permissionRedisCache",
"provider": {
"options": {
"partition": "perm"
}
}
}, {
"name": "orgTemplateRedisCache",
"provider": {
"options": {
"partition": "org"
}
}
}, {
"name": "digitalDataRedisCache",
"provider": {
"options": {
"partition": "digitalData"
}
}
}],
"sessionTimeout": "480",
"contentSecurityPolicy": "script-src 'self' 'unsafe-inline' 'unsafe-eval' geolocation.onetrust.com cdn.cookielaw.org *.google.com *.moodys.com *.googletagmanager.com *.google-analytics.com *.googleapis.com *.qualtrics.com *.webtrendslive.com *.webtrends.com *.salesforceliveagent.com *.force.com *.salesforce.com *.adobedtm.com *.gstatic.com *.walkme.com *.cloudfront.net *.go-mpulse.net *.akstat.io *.vimeocdn.com; worker-src 'self' blob: https://cdn.walkme.com",
"strictTransportSecurity": "max-age=31536000",
"allowFrameSites": ["www.hub.com", "beta.hub.com", "www.markit.com", "hub-markit.wsodqa.com", "hubstage-markit.wsodqa.com", "www.moodys.wallst.com", "polaris.ad.moodys.net", "ptc-wberfapp101.ad.moodys.net",
"http://intranet.stifel.com|http://www.moodys.wallst.com"
],
"multiLanguageEnabled": true,
"performanceDebugMaxDay": 0,
"internalAuthKey": null,
"dnsTTL": 30000,
"oneTruestUrl": "https://cdn.cookielaw.org/scripttemplates/otSDKStub.js",
"oneTruestDataDomain": "c16d19ef-bf60-4dce-9d6f-8afada1cd51b",
"goolgeCaptcha": {
"siteKey": "6Le7rdgUAAAAAAJ0Pey2VI7OXMCIyGoVRR_6Zcpo"
},
"unratedEnable": false,
"financialsSwitch": {
"bvdOnMISEnable": false
},
"scorecardSwitch": {
"scorecardDebugPanel": false
}
}
},
"searchBox": {
"keyword": "",
"data": {}
},
"navTopBar": [{
"text": "Terms of Use",
"link": "/termsofuseinfo.aspx?lang=en&cy=global",
"showContent": false,
"target": true,
"items": null
}, {
"text": "REGULATORY AFFAIRS",
"link": "/Pages/reg001001.aspx",
"showContent": false,
"target": true,
"items": null
}, {
"text": "SUSTAINABILITY",
"showContent": false,
"target": false,
"items": [{
"target": true,
"label": "Overview",
"url": "https://about.moodys.io/sustainability"
}, {
"target": true,
"label": "Reports and Policies",
"url": "https://about.moodys.io/sustainability-reports"
}]
}, {
"text": "DIVERSITY, EQUITY & INCLUSION",
"showContent": false,
"target": false,
"items": [{
"target": true,
"label": "Overview",
"url": "https://about.moodys.io/diversity"
}, {
"target": true,
"label": "Report",
"url": "/sites/products/ProductAttachments/Sustainability/Diversity%20Equity%20and%20Inclusion%20Report%202020.pdf"
}]
}, {
"text": "CAREERS",
"link": "/careers",
"showContent": false,
"target": true,
"items": null
}, {
"text": "ABOUT US",
"showContent": false,
"target": false,
"items": [{
"target": true,
"label": "Company Overview",
"url": "https://about.moodys.io/"
}, {
"target": true,
"label": "Leadership Team",
"url": "https://about.moodys.io/about-us#leadership"
}, {
"target": true,
"label": "Investor Relations",
"url": "http://ir.moodys.com/home/default.aspx"
}, {
"target": true,
"label": "The Ratings Process",
"url": "https://ratings.moodys.io/"
}, {
"target": true,
"label": "Media Relations",
"url": "/media-relations"
}, {
"target": true,
"label": "Moody’s in China",
"url": "https://www.moodyscorp.cn/index.html"
}]
}],
"navLogin": {
"autoLogin": false,
"isLogin": false,
"isShow": false,
"message": "",
"IsShowLogin": false,
"userInfoReady": false,
"regionalSite": true
},
"trending": {
"TrendingTopicsWithImg": [{
"Name": "The Big Picture",
"OwlId": "topic_c6375a0a-5a4c-11eb-827e-12df7bd2d26e",
"Desc": "New economic dynamics and higher debt loads are driving credit conditions. Policy choices, new technologies and ESG considerations are also setting credit context.",
"ImgLink": "/PublishingImages/creditview/topics/Outlooks_hero_210x131%20px.jpg",
"MosId": "00705A"
}, {
"Name": "2022 Outlooks",
"OwlId": "topic_cfb88908-2794-11ec-bd29-7c736a367a59",
"Desc": "Moody's 2022 Outlooks explore the big credit trends and fundamentals shaping sectors and regions in the year ahead.",
"ImgLink": "/PublishingImages/creditview/topics/2022-outlooks/Outlooks_hero_210x131.jpg",
"MosId": "00705B"
}],
"TrendingTopicsWithoutImg": [{
"Name": "ESG Credit",
"OwlId": "ESG",
"Desc": "How ESG is affecting global credit markets",
"ImgLink": "/PublishingImages/creditview/topics/ESG/Solar-Panel-nav.jpg",
"MosId": "00702C"
}, {
"Name": "Cyber Risk",
"OwlId": "topic_f180dedc-7b16-11e9-9d45-1f411e81c7f7",
"Desc": "The latest on cybersecurity and cyberattacks.",
"ImgLink": "/PublishingImages/creditview/topics/Cyber%20Risk/CyberRisk_resize_global%20nav.jpg",
"MosId": "00704E"
}, {
"Name": "Debt Sustainability",
"OwlId": "topic_2e5928e0-079f-11ea-9ce8-df7a30e483e0",
"Desc": "The legacy of high debt burdens.",
"ImgLink": "/PublishingImages/creditview/topics/SplitTrendConcept-471080879-210x131.jpg",
"MosId": "007053"
}, {
"Name": "New Technologies",
"OwlId": "topic_520e4f66-1568-11e8-9c0b-38249d0345f2",
"Desc": "Technology: innovation, disruption, adaptation.",
"ImgLink": "/PublishingImages/creditview/topics/ServerRoom-652812416-210x131.jpg",
"MosId": "007044"
}, {
"Name": "Reshaped Economies",
"OwlId": "topic_d9d2f7e4-079c-11ea-9ce8-df7a30e483e0",
"Desc": "New dynamics driving the global economy.",
"ImgLink": "/PublishingImages/creditview/topics/GlobeDigital-864405678-210x131.jpg",
"MosId": "007052"
}, {
"Name": "China Growth & Credit",
"OwlId": "China_Reform_and_Rebalancing",
"Desc": "Research on China’s credit and economic growth",
"ImgLink": "/PublishingImages/creditview/topics/china-topic/china-flags-buildings_mini.jpg",
"MosId": "00702A"
}],
"MostViewedIssures": [{
"Name": "General Electric Company",
"OrgId": 313000,
"Link": "/credit-ratings/General-Electric-Company-credit-rating-313000"
}, {
"Name": "Deutsche Bank AG",
"OrgId": 232500,
"Link": "/credit-ratings/Deutsche-Bank-AG-credit-rating-232500"
}, {
"Name": "Saudi Arabia, Government of",
"OrgId": 660260,
"Link": "/credit-ratings/Saudi-Arabia-Government-of-credit-rating-660260"
}, {
"Name": "US Foods, Inc.",
"OrgId": 820331243,
"Link": "/credit-ratings/US-Foods-Inc-credit-rating-820331243"
}, {
"Name": "Italy, Government of",
"OrgId": 423690,
"Link": "/credit-ratings/Italy-Government-of-credit-rating-423690"
}, {
"Name": "Shimao Group Holdings Limited",
"OrgId": 809824105,
"Link": "/credit-ratings/Shimao-Group-Holdings-Limited-credit-rating-809824105"
}, {
"Name": "BNP Paribas",
"OrgId": 91000,
"Link": "/credit-ratings/BNP-Paribas-credit-rating-91000"
}, {
"Name": "Kaisa Group Holdings Ltd",
"OrgId": 821988972,
"Link": "/credit-ratings/Kaisa-Group-Holdings-Ltd-credit-rating-821988972"
}, {
"Name": "United States of America, Government of",
"OrgId": 790575,
"Link": "/credit-ratings/United-States-of-America-Government-of-credit-rating-790575"
}, {
"Name": "China, Government of",
"OrgId": 599085,
"Link": "/credit-ratings/China-Government-of-credit-rating-599085"
}],
"ViewAllTopicsLink": "#"
},
"ratings": {
"Ratings": [{
"dimensionId": "005000",
"dimensionName": "Corporates",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005000/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005001",
"dimensionName": "Financial Institutions",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005001/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005002",
"dimensionName": "Funds & Asset Management",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005002/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005008",
"dimensionName": "Infrastructure & Project Finance",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005008/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005009",
"dimensionName": "Insurance",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005009/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005005",
"dimensionName": "Sovereign & Supranational",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005005/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005006",
"dimensionName": "Structured Finance",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005006/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005007",
"dimensionName": "Sub-Sovereign",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005007/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"dimensionId": "005003",
"dimensionName": "U.S. Public Finance",
"dimensionUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006|063000002|063000006|063000005|063000|005003/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}],
"MethodologiesUrl": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
},
"research": {
"continents": [],
"sectorLists": [{
"label": "Corporates",
"dimensionId": "005000",
"url": "/researchandratings/market-segment/corporates/-/005000",
"list": [{
"label": "Aerospace/Defense",
"dimensionId": "005000017",
"url": "/researchandratings/market-segment/corporates/aerospace-defense/005000017"
}, {
"label": "Agricultural Products",
"dimensionId": "005000003",
"url": "/researchandratings/market-segment/corporates/agricultural-products/005000003"
}, {
"label": "Automotive",
"dimensionId": "005000004",
"url": "/researchandratings/market-segment/corporates/automotive/005000004"
}, {
"label": "Chemicals",
"dimensionId": "005000018",
"url": "/researchandratings/market-segment/corporates/chemicals/005000018"
}, {
"label": "Commodity Trading Company",
"dimensionId": "00500001B",
"url": "/researchandratings/market-segment/corporates/commodity-trading-company/00500001B"
}, {
"label": "Construction & Homebuilding",
"dimensionId": "005000006",
"url": "/researchandratings/market-segment/corporates/construction-homebuilding/005000006"
}, {
"label": "Consumer Products",
"dimensionId": "005000007",
"url": "/researchandratings/market-segment/corporates/consumer-products/005000007"
}, {
"label": "Finance Related",
"dimensionId": "005000009",
"url": "/researchandratings/market-segment/corporates/finance-related/005000009"
}, {
"label": "Healthcare",
"dimensionId": "00500000A",
"url": "/researchandratings/market-segment/corporates/healthcare/00500000A"
}, {
"label": "High Yield",
"dimensionId": "00500001C",
"url": "/researchandratings/market-segment/corporates/high-yield/00500001C"
}, {
"label": "Leisure, Lodging & Entertainment",
"dimensionId": "00500000C",
"url": "/researchandratings/market-segment/corporates/leisure-lodging-entertainment/00500000C"
}, {
"label": "Local Government Financing Vehicles (LGFV)",
"dimensionId": "00500001D",
"url": "/researchandratings/market-segment/corporates/local-government-financing-vehicles-(lgfv)/00500001D"
}, {
"label": "Manufacturing",
"dimensionId": "005000015",
"url": "/researchandratings/market-segment/corporates/manufacturing/005000015"
}, {
"label": "Media & Publishing",
"dimensionId": "00500000D",
"url": "/researchandratings/market-segment/corporates/media-publishing/00500000D"
}, {
"label": "Metals & Mining",
"dimensionId": "00500001A",
"url": "/researchandratings/market-segment/corporates/metals-mining/00500001A"
}, {
"label": "Oil & Gas",
"dimensionId": "005000019",
"url": "/researchandratings/market-segment/corporates/oil-gas/005000019"
}, {
"label": "Paper, Packaging & Forest Products",
"dimensionId": "005000005",
"url": "/researchandratings/market-segment/corporates/paper-packaging-forest-products/005000005"
}, {
"label": "Pharmaceuticals",
"dimensionId": "005000014",
"url": "/researchandratings/market-segment/corporates/pharmaceuticals/005000014"
}, {
"label": "Real Estate",
"dimensionId": "005000013",
"url": "/researchandratings/market-segment/corporates/real-estate/005000013"
}, {
"label": "Retail & Business Products",
"dimensionId": "00500000E",
"url": "/researchandratings/market-segment/corporates/retail-business-products/00500000E"
}, {
"label": "Services",
"dimensionId": "00500000F",
"url": "/researchandratings/market-segment/corporates/services/00500000F"
}, {
"label": "Technology",
"dimensionId": "005000010",
"url": "/researchandratings/market-segment/corporates/technology/005000010"
}, {
"label": "Telecommunications",
"dimensionId": "005000016",
"url": "/researchandratings/market-segment/corporates/telecommunications/005000016"
}, {
"label": "Transportation",
"dimensionId": "005000002",
"url": "/researchandratings/market-segment/corporates/transportation/005000002"
}, {
"label": "Utilities",
"dimensionId": "005000011",
"url": "/researchandratings/market-segment/corporates/utilities/005000011"
}]
}, {
"label": "Financial Institutions",
"dimensionId": "005001",
"url": "/researchandratings/market-segment/financial-institutions/-/005001",
"list": [{
"label": "Banking",
"dimensionId": "005001000",
"url": "/researchandratings/market-segment/financial-institutions/banking/005001000"
}, {
"label": "Covered Bonds",
"dimensionId": "005001009",
"url": "/researchandratings/market-segment/financial-institutions/covered-bonds/005001009"
}, {
"label": "Finance Companies",
"dimensionId": "005001003",
"url": "/researchandratings/market-segment/financial-institutions/finance-companies/005001003"
}, {
"label": "Government Related Institutions",
"dimensionId": "005001008",
"url": "/researchandratings/market-segment/financial-institutions/government-related-institutions/005001008"
}, {
"label": "Real Estate Finance",
"dimensionId": "005001004",
"url": "/researchandratings/market-segment/financial-institutions/real-estate-finance/005001004"
}, {
"label": "Securities & Exchanges",
"dimensionId": "005001005",
"url": "/researchandratings/market-segment/financial-institutions/securities-exchanges/005001005"
}]
}, {
"label": "Funds & Asset Management",
"dimensionId": "005002",
"url": "/researchandratings/market-segment/funds-asset-management/-/005002",
"list": [{
"label": "Asset Management",
"dimensionId": "005002005",
"url": "/researchandratings/market-segment/funds-asset-management/asset-management/005002005"
}, {
"label": "Bond Funds",
"dimensionId": "005002006",
"url": "/researchandratings/market-segment/funds-asset-management/bond-funds/005002006"
}, {
"label": "Closed End Funds",
"dimensionId": "005002000",
"url": "/researchandratings/market-segment/funds-asset-management/closed-end-funds/005002000"
}, {
"label": "Local Government Investment Pools",
"dimensionId": "005002008",
"url": "/researchandratings/market-segment/funds-asset-management/local-government-investment-pools/005002008"
}, {
"label": "Money Market Funds",
"dimensionId": "005002009",
"url": "/researchandratings/market-segment/funds-asset-management/money-market-funds/005002009"
}, {
"label": "Pension Funds",
"dimensionId": "005002002",
"url": "/researchandratings/market-segment/funds-asset-management/pension-funds/005002002"
}]
}, {
"label": "Infrastructure & Project Finance",
"dimensionId": "005008",
"url": "/researchandratings/market-segment/infrastructure-project-finance/-/005008",
"list": [{
"label": "Airports",
"dimensionId": "005008010",
"url": "/researchandratings/market-segment/infrastructure-project-finance/airports/005008010"
}, {
"label": "Electricity",
"dimensionId": "00500800B",
"url": "/researchandratings/market-segment/infrastructure-project-finance/electricity/00500800B"
}, {
"label": "Commuter Services",
"dimensionId": "00500800D",
"url": "/researchandratings/market-segment/infrastructure-project-finance/commuter-services/00500800D"
}, {
"label": "Gas",
"dimensionId": "005008011",
"url": "/researchandratings/market-segment/infrastructure-project-finance/gas/005008011"
}, {
"label": "Ports",
"dimensionId": "00500800E",
"url": "/researchandratings/market-segment/infrastructure-project-finance/ports/00500800E"
}, {
"label": "Toll Roads",
"dimensionId": "00500800C",
"url": "/researchandratings/market-segment/infrastructure-project-finance/toll-roads/00500800C"
}, {
"label": "Water",
"dimensionId": "00500800F",
"url": "/researchandratings/market-segment/infrastructure-project-finance/water/00500800F"
}, {
"label": "Oil",
"dimensionId": "005008012",
"url": "/researchandratings/market-segment/infrastructure-project-finance/oil/005008012"
}, {
"label": "Project Finance",
"dimensionId": "005008008",
"url": "/researchandratings/market-segment/infrastructure-project-finance/project-finance/005008008"
}]
}, {
"label": "Insurance",
"dimensionId": "005009",
"url": "/researchandratings/market-segment/insurance/-/005009",
"list": [{
"label": "Financial Guarantors",
"dimensionId": "00500900D",
"url": "/researchandratings/market-segment/insurance/financial-guarantors/00500900D"
}, {
"label": "Insurance Brokerage",
"dimensionId": "005009002",
"url": "/researchandratings/market-segment/insurance/insurance-brokerage/005009002"
}, {
"label": "Life & Health",
"dimensionId": "005009009",
"url": "/researchandratings/market-segment/insurance/life-health/005009009"
}, {
"label": "Mortgage Insurance",
"dimensionId": "00500900E",
"url": "/researchandratings/market-segment/insurance/mortgage-insurance/00500900E"
}, {
"label": "Multi Line",
"dimensionId": "00500900B",
"url": "/researchandratings/market-segment/insurance/multi-line/00500900B"
}, {
"label": "Property & Casualty",
"dimensionId": "00500900C",
"url": "/researchandratings/market-segment/insurance/property-casualty/00500900C"
}, {
"label": "Reinsurance",
"dimensionId": "005009006",
"url": "/researchandratings/market-segment/insurance/reinsurance/005009006"
}, {
"label": "Title Insurer",
"dimensionId": "005009008",
"url": "/researchandratings/market-segment/insurance/title-insurer/005009008"
}]
}, {
"label": "Sovereign & Supranational",
"dimensionId": "005005",
"url": "/researchandratings/market-segment/sovereign-supranational/-/005005",
"list": [{
"label": "Central Government Agency",
"dimensionId": "005005000",
"url": "/researchandratings/market-segment/sovereign-supranational/central-government-agency/005005000"
}, {
"label": "Sovereign",
"dimensionId": "005005001",
"url": "/researchandratings/market-segment/sovereign-supranational/sovereign/005005001"
}, {
"label": "Supranational",
"dimensionId": "005005004",
"url": "/researchandratings/market-segment/sovereign-supranational/supranational/005005004"
}]
}, {
"label": "Structured Finance",
"dimensionId": "005006",
"url": "/researchandratings/market-segment/structured-finance/-/005006",
"list": [{
"label": "ABCP",
"dimensionId": "005006006",
"url": "/researchandratings/market-segment/structured-finance/abcp/005006006"
}, {
"label": "ABS",
"dimensionId": "005006001",
"url": "/researchandratings/market-segment/structured-finance/abs/005006001"
}, {
"label": "CLOs & Structured Credit",
"dimensionId": "005006002",
"url": "/researchandratings/market-segment/structured-finance/clos-structured-credit/005006002"
}, {
"label": "CMBS & CRE",
"dimensionId": "005006003",
"url": "/researchandratings/market-segment/structured-finance/cmbs-cre/005006003"
}, {
"label": "Covered Bonds",
"dimensionId": "005006004",
"url": "/researchandratings/market-segment/structured-finance/covered-bonds/005006004"
}, {
"label": "RMBS",
"dimensionId": "005006005",
"url": "/researchandratings/market-segment/structured-finance/rmbs/005006005"
}]
}, {
"label": "Sub-Sovereign",
"dimensionId": "005007",
"url": "/researchandratings/market-segment/sub-sovereign/-/005007",
"list": [{
"label": "Healthcare",
"dimensionId": "005007006",
"url": "/researchandratings/market-segment/sub-sovereign/healthcare/005007006"
}, {
"label": "Higher Education",
"dimensionId": "005007000",
"url": "/researchandratings/market-segment/sub-sovereign/higher-education/005007000"
}, {
"label": "Housing",
"dimensionId": "005007007",
"url": "/researchandratings/market-segment/sub-sovereign/housing/005007007"
}, {
"label": "Public Sector Agency",
"dimensionId": "005007001",
"url": "/researchandratings/market-segment/sub-sovereign/public-sector-agency/005007001"
}, {
"label": "Regional and Local Government",
"dimensionId": "005007002",
"url": "/researchandratings/market-segment/sub-sovereign/regional-and-local-government/005007002"
}, {
"label": "Sub-Sovereign Related Financial Co.",
"dimensionId": "005007004",
"url": "/researchandratings/market-segment/sub-sovereign/sub-sovereign-related-financial-co-/005007004"
}, {
"label": "Sub-Sovereign Related Industrial Co.",
"dimensionId": "005007003",
"url": "/researchandratings/market-segment/sub-sovereign/sub-sovereign-related-industrial-co-/005007003"
}, {
"label": "Utility",
"dimensionId": "005007005",
"url": "/researchandratings/market-segment/sub-sovereign/utility/005007005"
}]
}, {
"label": "U.S. Public Finance",
"dimensionId": "005003",
"url": "/researchandratings/market-segment/u-s-public-finance/-/005003",
"list": [{
"label": "Environmental Utilities",
"dimensionId": "005003000",
"url": "/researchandratings/market-segment/u-s-public-finance/environmental-utilities/005003000"
}, {
"label": "Healthcare Providers",
"dimensionId": "005003001",
"url": "/researchandratings/market-segment/u-s-public-finance/healthcare-providers/005003001"
}, {
"label": "Higher Education & Not-for-Profit Organizations",
"dimensionId": "005003002",
"url": "/researchandratings/market-segment/u-s-public-finance/higher-education-not-for-profit-organizations/005003002"
}, {
"label": "Housing",
"dimensionId": "005003003",
"url": "/researchandratings/market-segment/u-s-public-finance/housing/005003003"
}, {
"label": "Local Government",
"dimensionId": "005003004",
"url": "/researchandratings/market-segment/u-s-public-finance/local-government/005003004"
}, {
"label": "Multi-Obligor Pools (Non-Housing)",
"dimensionId": "005003005",
"url": "/researchandratings/market-segment/u-s-public-finance/multi-obligor-pools-(non-housing)/005003005"
}, {
"label": "Municipal Supported Products",
"dimensionId": "005003006",
"url": "/researchandratings/market-segment/u-s-public-finance/municipal-supported-products/005003006"
}, {
"label": "Power & Gas Utilities",
"dimensionId": "005003007",
"url": "/researchandratings/market-segment/u-s-public-finance/power-gas-utilities/005003007"
}, {
"label": "State Government",
"dimensionId": "005003008",
"url": "/researchandratings/market-segment/u-s-public-finance/state-government/005003008"
}, {
"label": "Tourism & Economic Development",
"dimensionId": "005003009",
"url": "/researchandratings/market-segment/u-s-public-finance/tourism-economic-development/005003009"
}, {
"label": "Transportation Authorities",
"dimensionId": "00500300A",
"url": "/researchandratings/market-segment/u-s-public-finance/transportation-authorities/00500300A"
}]
}],
"showPanel": [],
"researchTypeLists": [{
"label": "Issuer Research",
"dimensionId": "003004",
"url": "/researchandratings/research-type/issuer-research/-/003004/003004/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Sector Research",
"dimensionId": "003003",
"url": "/researchandratings/research-type/sector-research/-/003003/003003/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Capital Markets Research",
"dimensionId": "003008",
"url": "/researchandratings/research-type/capital-markets-research/-/003008/003008/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Default Reports",
"dimensionId": "00300A009",
"url": "/researchandratings/research-type/data-reports/default-reports/00300A009/00300A009/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Economic Research",
"dimensionId": "003002",
"url": "/researchandratings/research-type/economic-research/-/003002/003002/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Research News",
"dimensionId": "00300F",
"url": "/researchandratings/research-type/research-news/-/00300F/00300F/-/0/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
},
"contact": {},
"eventAndTraining": {
"nextEvents": [],
"upcomingTraining": [],
"sectorList": [],
"regionList": []
},
"globalCmsData": {
"menus": [],
"customerService": {
"contactUs": "CONTACT US",
"moodysDirectory": {
"icon": "caret-right",
"label": "VIEW ALL",
"target": true,
"url": "/Pages/contactus.aspx",
"description": null
},
"sendUsMessage": "EMAIL US",
"regionForSubscriber": [{
"contactsRegionLabel": "Americas",
"contactsRegionPhone": "+1-212-321-6549"
}, {
"contactsRegionLabel": "Japan",
"contactsRegionPhone": "+81-3-5408-4100"
}, {
"contactsRegionLabel": "Asia Pacific",
"contactsRegionPhone": "+852-5803-3025"
}, {
"contactsRegionLabel": "EMEA",
"contactsRegionPhone": "+44-20-7772-1932"
}],
"regionForNonSubscriber": [{
"contactsRegionLabel": "Americas",
"contactsRegionPhone": "+1-212-553-1653"
}, {
"contactsRegionLabel": "Japan",
"contactsRegionPhone": "+81-3-5408-4100"
}, {
"contactsRegionLabel": "Asia Pacific",
"contactsRegionPhone": "+852-3551-3077"
}, {
"contactsRegionLabel": "EMEA",
"contactsRegionPhone": "+44-20-7772-5454"
}],
"form": {
"contactUsFormLabel": "CONTACT US",
"contactUsFormText": "Please complete this form to have one of our client services representatives contact you",
"nameLabel": "NAME",
"firstNameValue": "First Name ",
"lastNameValue": "Last Name ",
"companyLabel": "COMPANY",
"companyValue": "Company Name",
"countryLabel": "Country/Jurisdiction",
"countryDefaultOption": "Please select a Country/Jurisdiction ...",
"phoneLabel": "PHONE",
"phoneValue": "",
"emailLabel": "EMAIL",
"emailValue": "",
"inquiryTypeLabel": "SUBJECT",
"commentsLabel": "DESCRIPTION",
"commentsValue": "",
"refreshCaptchaLabel": "Can't read?",
"refreshCaptchaActionLabel": "Try a new set.",
"countryOptions": [{
"key": "Afghanistan",
"text": "Afghanistan",
"value": "1",
"selected": false
}, {
"key": "Albania",
"text": "Albania",
"value": "2",
"selected": false
}, {
"key": "Algeria",
"text": "Algeria",
"value": "2619",
"selected": false
}, {
"key": "American Samoa",
"text": "American Samoa",
"value": "4",
"selected": false
}, {
"key": "Andorra",
"text": "Andorra",
"value": "5",
"selected": false
}, {
"key": "Angola",
"text": "Angola",
"value": "6",
"selected": false
}, {
"key": "Anguilla",
"text": "Anguilla",
"value": "7",
"selected": false
}, {
"key": "Antarctica",
"text": "Antarctica",
"value": "8",
"selected": false
}, {
"key": "Antigua and Barbuda",
"text": "Antigua and Barbuda",
"value": "9",
"selected": false
}, {
"key": "Argentina",
"text": "Argentina",
"value": "10",
"selected": false
}, {
"key": "Armenia",
"text": "Armenia",
"value": "11",
"selected": false
}, {
"key": "Aruba",
"text": "Aruba",
"value": "12",
"selected": false
}, {
"key": "Australia",
"text": "Australia",
"value": "13",
"selected": false
}, {
"key": "Austria",
"text": "Austria",
"value": "14",
"selected": false
}, {
"key": "Azerbaijan",
"text": "Azerbaijan",
"value": "15",
"selected": false
}, {
"key": "Bahamas",
"text": "Bahamas",
"value": "16",
"selected": false
}, {
"key": "Bahrain",
"text": "Bahrain",
"value": "17",
"selected": false
}, {
"key": "Bangladesh",
"text": "Bangladesh",
"value": "18",
"selected": false
}, {
"key": "Barbados",
"text": "Barbados",
"value": "19",
"selected": false
}, {
"key": "Belarus",
"text": "Belarus",
"value": "20",
"selected": false
}, {
"key": "Belgium",
"text": "Belgium",
"value": "21",
"selected": false
}, {
"key": "Belize",
"text": "Belize",
"value": "22",
"selected": false
}, {
"key": "Benin",
"text": "Benin",
"value": "23",
"selected": false
}, {
"key": "Bermuda",
"text": "Bermuda",
"value": "24",
"selected": false
}, {
"key": "Bhutan",
"text": "Bhutan",
"value": "25",
"selected": false
}, {
"key": "Bolivia",
"text": "Bolivia",
"value": "26",
"selected": false
}, {
"key": "Bosnia and Herzegovina",
"text": "Bosnia and Herzegovina",
"value": "27",
"selected": false
}, {
"key": "Botswana",
"text": "Botswana",
"value": "28",
"selected": false
}, {
"key": "Bouvet Island",
"text": "Bouvet Island",
"value": "29",
"selected": false
}, {
"key": "Brazil",
"text": "Brazil",
"value": "30",
"selected": false
}, {
"key": "British Indian Ocean Territory",
"text": "British Indian Ocean Territory",
"value": "31",
"selected": false
}, {
"key": "British Virgin Islands",
"text": "British Virgin Islands",
"value": "32",
"selected": false
}, {
"key": "Brunei",
"text": "Brunei",
"value": "33",
"selected": false
}, {
"key": "Bulgaria",
"text": "Bulgaria",
"value": "34",
"selected": false
}, {
"key": "Burkina Faso",
"text": "Burkina Faso",
"value": "35",
"selected": false
}, {
"key": "Burundi",
"text": "Burundi",
"value": "36",
"selected": false
}, {
"key": "Cambodia",
"text": "Cambodia",
"value": "37",
"selected": false
}, {
"key": "Cameroon",
"text": "Cameroon",
"value": "38",
"selected": false
}, {
"key": "Canada",
"text": "Canada",
"value": "39",
"selected": false
}, {
"key": "Cape Verde",
"text": "Cape Verde",
"value": "40",
"selected": false
}, {
"key": "Cayman Islands",
"text": "Cayman Islands",
"value": "41",
"selected": false
}, {
"key": "Central African Republic",
"text": "Central African Republic",
"value": "42",
"selected": false
}, {
"key": "Chad",
"text": "Chad",
"value": "43",
"selected": false
}, {
"key": "Channel Islands",
"text": "Channel Islands",
"value": "44",
"selected": false
}, {
"key": "Chile",
"text": "Chile",
"value": "45",
"selected": false
}, {
"key": "China",
"text": "China",
"value": "46",
"selected": false
}, {
"key": "Christmas Island",
"text": "Christmas Island",
"value": "47",
"selected": false
}, {
"key": "Cocos (Keeling) Islands",
"text": "Cocos (Keeling) Islands",
"value": "48",
"selected": false
}, {
"key": "Colombia",
"text": "Colombia",
"value": "49",
"selected": false
}, {
"key": "Comoros",
"text": "Comoros",
"value": "50",
"selected": false
}, {
"key": "Congo",
"text": "Congo",
"value": "51",
"selected": false
}, {
"key": "Cook Islands",
"text": "Cook Islands",
"value": "52",
"selected": false
}, {
"key": "Costa Rica",
"text": "Costa Rica",
"value": "53",
"selected": false
}, {
"key": "Croatia",
"text": "Croatia",
"value": "55",
"selected": false
}, {
"key": "Cuba",
"text": "Cuba",
"value": "56",
"selected": false
}, {
"key": "Cyprus",
"text": "Cyprus",
"value": "57",
"selected": false
}, {
"key": "Czech Republic",
"text": "Czech Republic",
"value": "58",
"selected": false
}, {
"key": "Côte d'Ivoire",
"text": "Côte d'Ivoire",
"value": "54",
"selected": false
}, {
"key": "Democratic Republic of the Congo",
"text": "Democratic Republic of the Congo",
"value": "59",
"selected": false
}, {
"key": "Denmark",
"text": "Denmark",
"value": "60",
"selected": false
}, {
"key": "Djibouti",
"text": "Djibouti",
"value": "61",
"selected": false
}, {
"key": "Dominica",
"text": "Dominica",
"value": "62",
"selected": false
}, {
"key": "Dominican Republic",
"text": "Dominican Republic",
"value": "63",
"selected": false
}, {
"key": "East Timor",
"text": "East Timor",
"value": "64",
"selected": false
}, {
"key": "Ecuador",
"text": "Ecuador",
"value": "65",
"selected": false
}, {
"key": "Egypt",
"text": "Egypt",
"value": "66",
"selected": false
}, {
"key": "El Salvador",
"text": "El Salvador",
"value": "67",
"selected": false
}, {
"key": "Equatorial Guinea",
"text": "Equatorial Guinea",
"value": "68",
"selected": false
}, {
"key": "Eritrea",
"text": "Eritrea",
"value": "69",
"selected": false
}, {
"key": "Estonia",
"text": "Estonia",
"value": "70",
"selected": false
}, {
"key": "Ethiopia",
"text": "Ethiopia",
"value": "71",
"selected": false
}, {
"key": "Falkland Islands",
"text": "Falkland Islands",
"value": "73",
"selected": false
}, {
"key": "Faroe Islands",
"text": "Faroe Islands",
"value": "72",
"selected": false
}, {
"key": "Fiji",
"text": "Fiji",
"value": "74",
"selected": false
}, {
"key": "Finland",
"text": "Finland",
"value": "75",
"selected": false
}, {
"key": "France",
"text": "France",
"value": "76",
"selected": false
}, {
"key": "French Guiana",
"text": "French Guiana",
"value": "77",
"selected": false
}, {
"key": "French Polynesia",
"text": "French Polynesia",
"value": "78",
"selected": false
}, {
"key": "French Southern Territories",
"text": "French Southern Territories",
"value": "79",
"selected": false
}, {
"key": "Gabon",
"text": "Gabon",
"value": "80",
"selected": false
}, {
"key": "Gambia",
"text": "Gambia",
"value": "81",
"selected": false
}, {
"key": "Georgia",
"text": "Georgia",
"value": "82",
"selected": false
}, {
"key": "Germany",
"text": "Germany",
"value": "83",
"selected": false
}, {
"key": "Ghana",
"text": "Ghana",
"value": "84",
"selected": false
}, {
"key": "Gibraltar",
"text": "Gibraltar",
"value": "85",
"selected": false
}, {
"key": "Greece",
"text": "Greece",
"value": "86",
"selected": false
}, {
"key": "Greenland",
"text": "Greenland",
"value": "87",
"selected": false
}, {
"key": "Grenada",
"text": "Grenada",
"value": "88",
"selected": false
}, {
"key": "Guadeloupe",
"text": "Guadeloupe",
"value": "89",
"selected": false
}, {
"key": "Guam",
"text": "Guam",
"value": "90",
"selected": false
}, {
"key": "Guatemala",
"text": "Guatemala",
"value": "91",
"selected": false
}, {
"key": "Guinea",
"text": "Guinea",
"value": "92",
"selected": false
}, {
"key": "Guinea-Bissau",
"text": "Guinea-Bissau",
"value": "93",
"selected": false
}, {
"key": "Guyana",
"text": "Guyana",
"value": "94",
"selected": false
}, {
"key": "Haiti",
"text": "Haiti",
"value": "95",
"selected": false
}, {
"key": "Heard Island and McDonald Islands",
"text": "Heard Island and McDonald Islands",
"value": "96",
"selected": false
}, {
"key": "Honduras",
"text": "Honduras",
"value": "97",
"selected": false
}, {
"key": "Hong Kong",
"text": "Hong Kong",
"value": "98",
"selected": false
}, {
"key": "Hungary",
"text": "Hungary",
"value": "99",
"selected": false
}, {
"key": "Iceland",
"text": "Iceland",
"value": "100",
"selected": false
}, {
"key": "India",
"text": "India",
"value": "101",
"selected": false
}, {
"key": "Indonesia",
"text": "Indonesia",
"value": "102",
"selected": false
}, {
"key": "Iran",
"text": "Iran",
"value": "103",
"selected": false
}, {
"key": "Iraq",
"text": "Iraq",
"value": "104",
"selected": false
}, {
"key": "Ireland",
"text": "Ireland",
"value": "105",
"selected": false
}, {
"key": "Israel",
"text": "Israel",
"value": "106",
"selected": false
}, {
"key": "Italy",
"text": "Italy",
"value": "107",
"selected": false
}, {
"key": "Jamaica",
"text": "Jamaica",
"value": "108",
"selected": false
}, {
"key": "Japan",
"text": "Japan",
"value": "109",
"selected": false
}, {
"key": "Jordan",
"text": "Jordan",
"value": "110",
"selected": false
}, {
"key": "Kazakhstan",
"text": "Kazakhstan",
"value": "111",
"selected": false
}, {
"key": "Kenya",
"text": "Kenya",
"value": "112",
"selected": false
}, {
"key": "Kiribati",
"text": "Kiribati",
"value": "113",
"selected": false
}, {
"key": "Kuwait",
"text": "Kuwait",
"value": "114",
"selected": false
}, {
"key": "Kyrgyzstan",
"text": "Kyrgyzstan",
"value": "115",
"selected": false
}, {
"key": "Laos",
"text": "Laos",
"value": "116",
"selected": false
}, {
"key": "Latvia",
"text": "Latvia",
"value": "117",
"selected": false
}, {
"key": "Lebanon",
"text": "Lebanon",
"value": "118",
"selected": false
}, {
"key": "Lesotho",
"text": "Lesotho",
"value": "119",
"selected": false
}, {
"key": "Liberia",
"text": "Liberia",
"value": "120",
"selected": false
}, {
"key": "Libya",
"text": "Libya",
"value": "121",
"selected": false
}, {
"key": "Liechtenstein",
"text": "Liechtenstein",
"value": "122",
"selected": false
}, {
"key": "Lithuania",
"text": "Lithuania",
"value": "123",
"selected": false
}, {
"key": "Luxembourg",
"text": "Luxembourg",
"value": "124",
"selected": false
}, {
"key": "Macau",
"text": "Macau",
"value": "125",
"selected": false
}, {
"key": "Macedonia",
"text": "Macedonia",
"value": "126",
"selected": false
}, {
"key": "Madagascar",
"text": "Madagascar",
"value": "127",
"selected": false
}, {
"key": "Malawi",
"text": "Malawi",
"value": "128",
"selected": false
}, {
"key": "Malaysia",
"text": "Malaysia",
"value": "129",
"selected": false
}, {
"key": "Maldives",
"text": "Maldives",
"value": "130",
"selected": false
}, {
"key": "Mali",
"text": "Mali",
"value": "131",
"selected": false
}, {
"key": "Malta",
"text": "Malta",
"value": "132",
"selected": false
}, {
"key": "Marshall Islands",
"text": "Marshall Islands",
"value": "133",
"selected": false
}, {
"key": "Martinique",
"text": "Martinique",
"value": "134",
"selected": false
}, {
"key": "Mauritania",
"text": "Mauritania",
"value": "135",
"selected": false
}, {
"key": "Mauritius",
"text": "Mauritius",
"value": "136",
"selected": false
}, {
"key": "Mayotte",
"text": "Mayotte",
"value": "137",
"selected": false
}, {
"key": "Mexico",
"text": "Mexico",
"value": "138",
"selected": false
}, {
"key": "Micronesia",
"text": "Micronesia",
"value": "139",
"selected": false
}, {
"key": "Moldova",
"text": "Moldova",
"value": "140",
"selected": false
}, {
"key": "Monaco",
"text": "Monaco",
"value": "141",
"selected": false
}, {
"key": "Mongolia",
"text": "Mongolia",
"value": "142",
"selected": false
}, {
"key": "Montserrat",
"text": "Montserrat",
"value": "143",
"selected": false
}, {
"key": "Morocco",
"text": "Morocco",
"value": "144",
"selected": false
}, {
"key": "Mozambique",
"text": "Mozambique",
"value": "145",
"selected": false
}, {
"key": "Myanmar",
"text": "Myanmar",
"value": "146",
"selected": false
}, {
"key": "Namibia",
"text": "Namibia",
"value": "147",
"selected": false
}, {
"key": "Nauru",
"text": "Nauru",
"value": "148",
"selected": false
}, {
"key": "Nepal",
"text": "Nepal",
"value": "149",
"selected": false
}, {
"key": "Netherlands",
"text": "Netherlands",
"value": "150",
"selected": false
}, {
"key": "Netherlands Antilles",
"text": "Netherlands Antilles",
"value": "151",
"selected": false
}, {
"key": "New Caledonia",
"text": "New Caledonia",
"value": "152",
"selected": false
}, {
"key": "New Zealand",
"text": "New Zealand",
"value": "153",
"selected": false
}, {
"key": "Nicaragua",
"text": "Nicaragua",
"value": "154",
"selected": false
}, {
"key": "Niger",
"text": "Niger",
"value": "155",
"selected": false
}, {
"key": "Nigeria",
"text": "Nigeria",
"value": "156",
"selected": false
}, {
"key": "Niue",
"text": "Niue",
"value": "157",
"selected": false
}, {
"key": "Norfolk Island",
"text": "Norfolk Island",
"value": "158",
"selected": false
}, {
"key": "North Korea",
"text": "North Korea",
"value": "159",
"selected": false
}, {
"key": "Northern Marianas",
"text": "Northern Marianas",
"value": "160",
"selected": false
}, {
"key": "Norway",
"text": "Norway",
"value": "161",
"selected": false
}, {
"key": "Oman",
"text": "Oman",
"value": "162",
"selected": false
}, {
"key": "Pakistan",
"text": "Pakistan",
"value": "163",
"selected": false
}, {
"key": "Palau",
"text": "Palau",
"value": "164",
"selected": false
}, {
"key": "Panama",
"text": "Panama",
"value": "165",
"selected": false
}, {
"key": "Papua New Guinea",
"text": "Papua New Guinea",
"value": "166",
"selected": false
}, {
"key": "Paraguay",
"text": "Paraguay",
"value": "167",
"selected": false
}, {
"key": "Peru",
"text": "Peru",
"value": "168",
"selected": false
}, {
"key": "Philippines",
"text": "Philippines",
"value": "169",
"selected": false
}, {
"key": "Pitcairn Islands",
"text": "Pitcairn Islands",
"value": "170",
"selected": false
}, {
"key": "Poland",
"text": "Poland",
"value": "171",
"selected": false
}, {
"key": "Portugal",
"text": "Portugal",
"value": "172",
"selected": false
}, {
"key": "Puerto Rico",
"text": "Puerto Rico",
"value": "173",
"selected": false
}, {
"key": "Qatar",
"text": "Qatar",
"value": "174",
"selected": false
}, {
"key": "Republic of Kosovo",
"text": "Republic of Kosovo",
"value": "2858",
"selected": false
}, {
"key": "Romania",
"text": "Romania",
"value": "176",
"selected": false
}, {
"key": "Russia",
"text": "Russia",
"value": "177",
"selected": false
}, {
"key": "Rwanda",
"text": "Rwanda",
"value": "178",
"selected": false
}, {
"key": "Réunion",
"text": "Réunion",
"value": "175",
"selected": false
}, {
"key": "Saint Helena",
"text": "Saint Helena",
"value": "179",
"selected": false
}, {
"key": "Saint Kitts and Nevis",
"text": "Saint Kitts and Nevis",
"value": "180",
"selected": false
}, {
"key": "Saint Lucia",
"text": "Saint Lucia",
"value": "181",
"selected": false
}, {
"key": "Saint Pierre and Miquelon",
"text": "Saint Pierre and Miquelon",
"value": "182",
"selected": false
}, {
"key": "Saint Vincent and the Grenadines",
"text": "Saint Vincent and the Grenadines",
"value": "183",
"selected": false
}, {
"key": "Samoa",
"text": "Samoa",
"value": "184",
"selected": false
}, {
"key": "San Marino",
"text": "San Marino",
"value": "185",
"selected": false
}, {
"key": "Saudi Arabia",
"text": "Saudi Arabia",
"value": "187",
"selected": false
}, {
"key": "Senegal",
"text": "Senegal",
"value": "188",
"selected": false
}, {
"key": "Serbia and Montenegro",
"text": "Serbia and Montenegro",
"value": "189",
"selected": false
}, {
"key": "Seychelles",
"text": "Seychelles",
"value": "190",
"selected": false
}, {
"key": "Sierra Leone",
"text": "Sierra Leone",
"value": "191",
"selected": false
}, {
"key": "Singapore",
"text": "Singapore",
"value": "192",
"selected": false
}, {
"key": "Slovakia",
"text": "Slovakia",
"value": "193",
"selected": false
}, {
"key": "Slovenia",
"text": "Slovenia",
"value": "194",
"selected": false
}, {
"key": "Solomon Islands",
"text": "Solomon Islands",
"value": "195",
"selected": false
}, {
"key": "Somalia",
"text": "Somalia",
"value": "196",
"selected": false
}, {
"key": "South Africa",
"text": "South Africa",
"value": "197",
"selected": false
}, {
"key": "South Georgia and the South Sandwich Islands",
"text": "South Georgia and the South Sandwich Islands",
"value": "198",
"selected": false
}, {
"key": "South Korea",
"text": "South Korea",
"value": "199",
"selected": false
}, {
"key": "Spain",
"text": "Spain",
"value": "200",
"selected": false
}, {
"key": "Sri Lanka",
"text": "Sri Lanka",
"value": "201",
"selected": false
}, {
"key": "Sudan",
"text": "Sudan",
"value": "202",
"selected": false
}, {
"key": "Suriname",
"text": "Suriname",
"value": "203",
"selected": false
}, {
"key": "Svalbard and Jan Mayen",
"text": "Svalbard and Jan Mayen",
"value": "204",
"selected": false
}, {
"key": "Swaziland",
"text": "Swaziland",
"value": "205",
"selected": false
}, {
"key": "Sweden",
"text": "Sweden",
"value": "206",
"selected": false
}, {
"key": "Switzerland",
"text": "Switzerland",
"value": "207",
"selected": false
}, {
"key": "Syria",
"text": "Syria",
"value": "208",
"selected": false
}, {
"key": "São Tomé and Príncipe",
"text": "São Tomé and Príncipe",
"value": "186",
"selected": false
}, {
"key": "Taiwan",
"text": "Taiwan",
"value": "209",
"selected": false
}, {
"key": "Tajikistan",
"text": "Tajikistan",
"value": "210",
"selected": false
}, {
"key": "Tanzania",
"text": "Tanzania",
"value": "211",
"selected": false
}, {
"key": "Thailand",
"text": "Thailand",
"value": "212",
"selected": false
}, {
"key": "Togo",
"text": "Togo",
"value": "213",
"selected": false
}, {
"key": "Tokelau",
"text": "Tokelau",
"value": "214",
"selected": false
}, {
"key": "Tonga",
"text": "Tonga",
"value": "215",
"selected": false
}, {
"key": "Trinidad and Tobago",
"text": "Trinidad and Tobago",
"value": "216",
"selected": false
}, {
"key": "Tunisia",
"text": "Tunisia",
"value": "217",
"selected": false
}, {
"key": "Turkey",
"text": "Turkey",
"value": "218",
"selected": false
}, {
"key": "Turkmenistan",
"text": "Turkmenistan",
"value": "219",
"selected": false
}, {
"key": "Turks and Caicos Islands",
"text": "Turks and Caicos Islands",
"value": "220",
"selected": false
}, {
"key": "Tuvalu",
"text": "Tuvalu",
"value": "221",
"selected": false
}, {
"key": "Uganda",
"text": "Uganda",
"value": "222",
"selected": false
}, {
"key": "Ukraine",
"text": "Ukraine",
"value": "223",
"selected": false
}, {
"key": "United Arab Emirates",
"text": "United Arab Emirates",
"value": "224",
"selected": false
}, {
"key": "United Kingdom",
"text": "United Kingdom",
"value": "225",
"selected": false
}, {
"key": "United States",
"text": "United States",
"value": "226",
"selected": false
}, {
"key": "United States Minor Outlying Islands",
"text": "United States Minor Outlying Islands",
"value": "227",
"selected": false
}, {
"key": "Uruguay",
"text": "Uruguay",
"value": "228",
"selected": false
}, {
"key": "Uzbekistan",
"text": "Uzbekistan",
"value": "229",
"selected": false
}, {
"key": "Vanuatu",
"text": "Vanuatu",
"value": "230",
"selected": false
}, {
"key": "Vatican City",
"text": "Vatican City",
"value": "231",
"selected": false
}, {
"key": "Venezuela",
"text": "Venezuela",
"value": "232",
"selected": false
}, {
"key": "Vietnam",
"text": "Vietnam",
"value": "233",
"selected": false
}, {
"key": "Wallis and Futuna",
"text": "Wallis and Futuna",
"value": "234",
"selected": false
}, {
"key": "Western Sahara",
"text": "Western Sahara",
"value": "235",
"selected": false
}, {
"key": "Yemen",
"text": "Yemen",
"value": "236",
"selected": false
}, {
"key": "Zambia",
"text": "Zambia",
"value": "237",
"selected": false
}, {
"key": "Zimbabwe",
"text": "Zimbabwe",
"value": "238",
"selected": false
}]
}
},
"eventAndTraining": {
"menuNavigation": "EVENTS & TRAINING",
"eventBlockTitle": "NEXT EVENTS",
"byLocationBlockTitle": "VIEW EVENTS BY LOCATION",
"bySectorBlockTitle": "VIEW EVENTS BY SECTOR",
"trainingBlockTitle": "UPCOMING MOODY'S ANALYTICS TRAINING",
"viewalleventlink": {
"icon": "caret-right",
"label": "VIEW ALL",
"target": false,
"url": "https://events.moodys.io/?cid=ZTW0K34F1D5057",
"description": null
},
"viewalltraininglink": {
"icon": "caret-right",
"label": "VIEW ALL",
"target": false,
"url": "https://www.moodys.com/newsandevents/events_/-/-/0/0/elq",
"description": null
}
},
"login": {
"myMoodysLabel": "My Moody's",
"loginLink": "LOG IN",
"loginTitle": "LOG IN",
"registeredUserLabel": "Log in",
"userName": "Username",
"userNameDefault": "",
"password": "Password",
"passwordDefault": "",
"rememberMe": "Remember me",
"forgotUserOrPass": {
"icon": "arrow-right-circle",
"label": "Forgot your username or password?",
"target": null,
"url": "/loginhelp.aspx?lang=en&cy=global",
"description": null
},
"links": {
"list": [{
"icon": null,
"label": "Follows",
"target": false,
"url": "/follows/feed",
"description": null
}, {
"icon": null,
"label": "Alerts",
"target": false,
"url": "/page/setalertspage.aspx",
"description": null
}, {
"icon": null,
"label": "My Documents",
"target": false,
"url": " /page/mydocuments.aspx",
"description": null
}, {
"icon": null,
"label": "CreditView Research Documents",
"target": null,
"url": "/creditview-research-reports/documents",
"description": null
}, {
"icon": null,
"label": "CreditView Research Briefcase",
"target": null,
"url": "/creditview-research-briefcase",
"description": null
}, {
"icon": null,
"label": "Saved Documents",
"target": false,
"url": "/saved-docs",
"description": null
}, {
"icon": null,
"label": "Portfolios",
"target": false,
"url": "/portfolio-landing/entity",
"description": null
}, {
"icon": null,
"label": "Events",
"target": false,
"url": "/newsandevents/events_/-/-/2/0/elq",
"description": null
}, {
"icon": null,
"label": "Profile",
"target": false,
"url": "/page/editmyprofile.aspx?lang=en&cy=global",
"description": null
}, {
"icon": null,
"label": "Log Out",
"target": false,
"url": "/logout.aspx?lang=en&cy=global&v3=true",
"description": null
}],
"_Attributes": {}
},
"usingAnotherAccount": "Log in with :",
"notRegisteredLabel": "Not Registered Yet ?",
"registerNowText": "Benefits include access to:",
"featuresForRegister": {
"list": [{
"featureForRegister": "Issuer Ratings"
}, {
"featureForRegister": "Rating Methodologies"
}, {
"featureForRegister": "Weekly Credit Outlook"
}, {
"featureForRegister": "Events Calendar"
}],
"_Attributes": {}
},
"registerNowButtonLabel": "Register",
"loginButton": "LOG IN",
"cancelButton": "Cancel"
},
"ratings": {
"methodologies": {
"icon": "caret-right",
"label": "METHODOLOGIES & FRAMEWORKS",
"target": false,
"url": "/researchandratings/methodology/003006001/rating-methodologies/methodology/003006001/003006001/-/-1/0/-/0/-/-/en/global/rr",
"description": null
},
"ratingsLinkData": [{
"icon": "caret-right",
"label": "Ratings & Assessments News",
"target": false,
"url": "/researchandratings/research-type/ratings-news/-/00300E/00300E/-/-1/0/-/0/-/-/-/-1/-/-/-/en/global/pdf/-/rra",
"description": "<p>Press release coverage on rating actions that Moody's has taken on issuers.</p>\n"
}, {
"icon": "caret-right",
"label": "Default Reports",
"target": false,
"url": "/creditfoundations/Default-Trends-and-Rating-Transitions-05E002",
"description": "<p>Moody’s default studies, ratings transitions, ratings performance studies, impairment and loss studies, and analytical research reports.</p>\n"
}, {
"icon": "caret-right",
"label": "Ratings Definitions",
"target": false,
"url": "https://ratings.moodys.io/ratings#rating-scale",
"description": "<p>Gradations of creditworthiness are indicated by rating symbols, with each symbol representing a group in which the credit characteristics are broadly the same.</p>\n"
}, {
"icon": "caret-right",
"label": "Disclosures",
"target": false,
"url": "/researchandratings/research-type/regulatory/ratings-disclosures/003011000/003011000/-/0/0/-/0/-/-/-/-1/-/-/-/en/global/pdf/-/rra",
"description": "<p>Relevant regulatory disclosures related to Credit Rating Actions.</p>\n"
}, {
"icon": "caret-right",
"label": "Request for Comment",
"target": false,
"url": "/researchandratings/research-type/methodology/request-for-comment/003006005/003006005/-/-1/0/-/0/-/-/en/global/rr",
"description": "<p>Comments from market participants on rating methodologies.</p>\n"
}, {
"icon": "caret-right",
"label": "How to get rated",
"target": false,
"url": "https://ratings.moodys.io/",
"description": "<p>A rating from Moody’s Investors Service enables issuers to create timely, go-to-market debt strategies with the ability to capture wider investor focus and deeper liquidity options.</p>\n"
}]
},
"research": {},
"sectorsAndRegions": {
"featuredSectorsLabel": "FEATURED SECTORS",
"sectorsMoreLabel": {
"icon": null,
"label": "MORE",
"target": null,
"url": "/researchandratings/home",
"description": null
},
"sectors": [{
"label": "Corporates",
"dimensionId": "005000",
"url": "/researchandratings/market-segment/corporates/-/005000",
"list": [{
"label": "Aerospace/Defense",
"dimensionId": "005000017",
"url": "/researchandratings/market-segment/corporates/aerospace-defense/005000017"
}, {
"label": "Automotive",
"dimensionId": "005000004",
"url": "/researchandratings/market-segment/corporates/automotive/005000004"
}, {
"label": "Chemicals",
"dimensionId": "005000018",
"url": "/researchandratings/market-segment/corporates/chemicals/005000018"
}, {
"label": "Construction & Homebuilding",
"dimensionId": "005000006",
"url": "/researchandratings/market-segment/corporates/construction-homebuilding/005000006"
}, {
"label": "Consumer Products",
"dimensionId": "005000007",
"url": "/researchandratings/market-segment/corporates/consumer-products/005000007"
}, {
"label": "Healthcare",
"dimensionId": "00500000A",
"url": "/researchandratings/market-segment/corporates/healthcare/00500000A"
}, {
"label": "High Yield",
"dimensionId": "00500001C",
"url": "/researchandratings/market-segment/corporates/high-yield/00500001C"
}, {
"label": "Local Government Financing Vehicles (LGFV)",
"dimensionId": "00500001D",
"url": "/researchandratings/market-segment/corporates/local-government-financing-vehicles-(lgfv)/00500001D"
}, {
"label": "Manufacturing",
"dimensionId": "005000015",
"url": "/researchandratings/market-segment/corporates/manufacturing/005000015"
}, {
"label": "Media & Publishing",
"dimensionId": "00500000D",
"url": "/researchandratings/market-segment/corporates/media-publishing/00500000D"
}, {
"label": "Metals & Mining",
"dimensionId": "00500001A",
"url": "/researchandratings/market-segment/corporates/metals-mining/00500001A"
}, {
"label": "Oil & Gas",
"dimensionId": "005000019",
"url": "/researchandratings/market-segment/corporates/oil-gas/005000019"
}, {
"label": "Pharmaceuticals",
"dimensionId": "005000014",
"url": "/researchandratings/market-segment/corporates/pharmaceuticals/005000014"
}, {
"label": "Real Estate",
"dimensionId": "005000013",
"url": "/researchandratings/market-segment/corporates/real-estate/005000013"
}, {
"label": "Retail & Business Products",
"dimensionId": "00500000E",
"url": "/researchandratings/market-segment/corporates/retail-business-products/00500000E"
}, {
"label": "Technology",
"dimensionId": "005000010",
"url": "/researchandratings/market-segment/corporates/technology/005000010"
}, {
"label": "Telecommunications",
"dimensionId": "005000016",
"url": "/researchandratings/market-segment/corporates/telecommunications/005000016"
}, {
"label": "Transportation",
"dimensionId": "005000002",
"url": "/researchandratings/market-segment/corporates/transportation/005000002"
}, {
"label": "Utilities",
"dimensionId": "005000011",
"url": "/researchandratings/market-segment/corporates/utilities/005000011"
}]
}, {
"label": "Financial Institutions",
"dimensionId": "005001",
"url": "/researchandratings/market-segment/financial-institutions/-/005001",
"list": [{
"label": "Banking",
"dimensionId": "005001000",
"url": "/researchandratings/market-segment/financial-institutions/banking/005001000"
}, {
"label": "Covered Bonds",
"dimensionId": "005001009",
"url": "/researchandratings/market-segment/financial-institutions/covered-bonds/005001009"
}, {
"label": "Finance Companies",
"dimensionId": "005001003",
"url": "/researchandratings/market-segment/financial-institutions/finance-companies/005001003"
}, {
"label": "Real Estate Finance",
"dimensionId": "005001004",
"url": "/researchandratings/market-segment/financial-institutions/real-estate-finance/005001004"
}, {
"label": "Securities & Exchanges",
"dimensionId": "005001005",
"url": "/researchandratings/market-segment/financial-institutions/securities-exchanges/005001005"
}]
}, {
"label": "Funds & Asset Management",
"dimensionId": "005002",
"url": "/researchandratings/market-segment/funds-asset-management/-/005002",
"list": [{
"label": "Asset Management",
"dimensionId": "005002005",
"url": "/researchandratings/market-segment/funds-asset-management/asset-management/005002005"
}, {
"label": "Bond Funds",
"dimensionId": "005002006",
"url": "/researchandratings/market-segment/funds-asset-management/bond-funds/005002006"
}, {
"label": "Closed End Funds",
"dimensionId": "005002000",
"url": "/researchandratings/market-segment/funds-asset-management/closed-end-funds/005002000"
}, {
"label": "Money Market Funds",
"dimensionId": "005002009",
"url": "/researchandratings/market-segment/funds-asset-management/money-market-funds/005002009"
}]
}, {
"label": "Infrastructure & Project Finance",
"dimensionId": "005008",
"url": "/researchandratings/market-segment/infrastructure-project-finance/-/005008",
"list": [{
"label": "Airports",
"dimensionId": "005008010",
"url": "/researchandratings/market-segment/infrastructure-project-finance/airports/005008010"
}, {
"label": "Electricity",
"dimensionId": "00500800B",
"url": "/researchandratings/market-segment/infrastructure-project-finance/electricity/00500800B"
}, {
"label": "Oil",
"dimensionId": "005008012",
"url": "/researchandratings/market-segment/infrastructure-project-finance/oil/005008012"
}, {
"label": "Project Finance",
"dimensionId": "005008008",
"url": "/researchandratings/market-segment/infrastructure-project-finance/project-finance/005008008"
}]
}, {
"label": "Insurance",
"dimensionId": "005009",
"url": "/researchandratings/market-segment/insurance/-/005009",
"list": [{
"label": "Insurance Brokerage",
"dimensionId": "005009002",
"url": "/researchandratings/market-segment/insurance/insurance-brokerage/005009002"
}, {
"label": "Life & Health",
"dimensionId": "005009009",
"url": "/researchandratings/market-segment/insurance/life-health/005009009"
}, {
"label": "Property & Casualty",
"dimensionId": "00500900C",
"url": "/researchandratings/market-segment/insurance/property-casualty/00500900C"
}, {
"label": "Reinsurance",
"dimensionId": "005009006",
"url": "/researchandratings/market-segment/insurance/reinsurance/005009006"
}]
}, {
"label": "Sovereign & Supranational",
"dimensionId": "005005",
"url": "/researchandratings/market-segment/sovereign-supranational/-/005005",
"list": [{
"label": "Central Government Agency",
"dimensionId": "005005000",
"url": "/researchandratings/market-segment/sovereign-supranational/central-government-agency/005005000"
}, {
"label": "Sovereign",
"dimensionId": "005005001",
"url": "/researchandratings/market-segment/sovereign-supranational/sovereign/005005001"
}, {
"label": "Supranational",
"dimensionId": "005005004",
"url": "/researchandratings/market-segment/sovereign-supranational/supranational/005005004"
}]
}, {
"label": "Structured Finance",
"dimensionId": "005006",
"url": "/researchandratings/market-segment/structured-finance/-/005006",
"list": [{
"label": "ABCP",
"dimensionId": "005006006",
"url": "/researchandratings/market-segment/structured-finance/abcp/005006006"
}, {
"label": "ABS",
"dimensionId": "005006001",
"url": "/researchandratings/market-segment/structured-finance/abs/005006001"
}, {
"label": "CLOs & Structured Credit",
"dimensionId": "005006002",
"url": "/researchandratings/market-segment/structured-finance/clos-structured-credit/005006002"
}, {
"label": "CMBS & CRE",
"dimensionId": "005006003",
"url": "/researchandratings/market-segment/structured-finance/cmbs-cre/005006003"
}, {
"label": "Covered Bonds",
"dimensionId": "005006004",
"url": "/researchandratings/market-segment/structured-finance/covered-bonds/005006004"
}, {
"label": "RMBS",
"dimensionId": "005006005",
"url": "/researchandratings/market-segment/structured-finance/rmbs/005006005"
}]
}, {
"label": "Sub-Sovereign",
"dimensionId": "005007",
"url": "/researchandratings/market-segment/sub-sovereign/-/005007",
"list": [{
"label": "Healthcare",
"dimensionId": "005007006",
"url": "/researchandratings/market-segment/sub-sovereign/healthcare/005007006"
}, {
"label": "Higher Education",
"dimensionId": "005007000",
"url": "/researchandratings/market-segment/sub-sovereign/higher-education/005007000"
}, {
"label": "Housing",
"dimensionId": "005007007",
"url": "/researchandratings/market-segment/sub-sovereign/housing/005007007"
}, {
"label": "Public Sector Agency",
"dimensionId": "005007001",
"url": "/researchandratings/market-segment/sub-sovereign/public-sector-agency/005007001"
}, {
"label": "Regional and Local Government",
"dimensionId": "005007002",
"url": "/researchandratings/market-segment/sub-sovereign/regional-and-local-government/005007002"
}, {
"label": "Utility",
"dimensionId": "005007005",
"url": "/researchandratings/market-segment/sub-sovereign/utility/005007005"
}]
}, {
"label": "U.S. Public Finance",
"dimensionId": "005003",
"url": "/researchandratings/market-segment/u-s-public-finance/-/005003",
"list": [{
"label": "Environmental Utilities",
"dimensionId": "005003000",
"url": "/researchandratings/market-segment/u-s-public-finance/environmental-utilities/005003000"
}, {
"label": "Healthcare Providers",
"dimensionId": "005003001",
"url": "/researchandratings/market-segment/u-s-public-finance/healthcare-providers/005003001"
}, {
"label": "Higher Education & Not-for-Profit Organizations",
"dimensionId": "005003002",
"url": "/researchandratings/market-segment/u-s-public-finance/higher-education-not-for-profit-organizations/005003002"
}, {
"label": "Housing",
"dimensionId": "005003003",
"url": "/researchandratings/market-segment/u-s-public-finance/housing/005003003"
}, {
"label": "Local Government",
"dimensionId": "005003004",
"url": "/researchandratings/market-segment/u-s-public-finance/local-government/005003004"
}, {
"label": "Municipal Supported Products",
"dimensionId": "005003006",
"url": "/researchandratings/market-segment/u-s-public-finance/municipal-supported-products/005003006"
}, {
"label": "Power & Gas Utilities",
"dimensionId": "005003007",
"url": "/researchandratings/market-segment/u-s-public-finance/power-gas-utilities/005003007"
}, {
"label": "State Government",
"dimensionId": "005003008",
"url": "/researchandratings/market-segment/u-s-public-finance/state-government/005003008"
}, {
"label": "Transportation Authorities",
"dimensionId": "00500300A",
"url": "/researchandratings/market-segment/u-s-public-finance/transportation-authorities/00500300A"
}]
}],
"featuredRegionsLabel": "FEATURED REGIONS",
"regionsMoreLabel": {
"icon": null,
"label": "MORE",
"target": null,
"url": "/researchandratings/home",
"description": null
},
"regions": [{
"label": "Europe",
"url": "/researchandratings/region/europe/-/004001001/004001001/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra",
"list": [{
"label": "France",
"url": "/researchandratings/region/europe/france/042059/042059/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Germany",
"url": "/researchandratings/region/europe/germany/042084/042084/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Italy",
"url": "/researchandratings/region/europe/italy/042005/042005/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Netherlands",
"url": "/researchandratings/region/europe/netherlands/0420B7/0420B7/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Russia",
"url": "/researchandratings/region/europe/russia/042002/042002/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Spain",
"url": "/researchandratings/region/europe/spain/04200F/04200F/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Turkey",
"url": "/researchandratings/region/europe/turkey/0420D5/0420D5/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "United Kingdom",
"url": "/researchandratings/region/europe/united-kingdom/042050/042050/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "Latin America & Caribbean",
"url": "/researchandratings/region/latin-america-caribbean/-/004002/004002/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra",
"list": [{
"label": "Argentina",
"url": "/researchandratings/region/latin-america-caribbean/argentina/0420B0/0420B0/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Brazil",
"url": "/researchandratings/region/latin-america-caribbean/brazil/042086/042086/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Mexico",
"url": "/researchandratings/region/latin-america-caribbean/mexico/04201B/04201B/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "Asia Pacific",
"url": "/researchandratings/region/asia-pacific/-/004000/004000/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra",
"list": [{
"label": "Australia",
"url": "/researchandratings/region/asia-pacific/australia/0420D8/0420D8/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "China",
"url": "/researchandratings/region/asia-pacific/china/0420C8/0420C8/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Hong Kong SAR, China",
"url": "/researchandratings/region/asia-pacific/hong-kong/0420C5/0420C5/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Japan",
"url": "/researchandratings/region/asia-pacific/japan/0420D7/0420D7/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "India",
"url": "/researchandratings/region/asia-pacific/india/0420C9/0420C9/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "North America",
"url": "/researchandratings/region/north-america/-/004003/004003/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra",
"list": [{
"label": "Canada",
"url": "/researchandratings/region/north-america/canada/042073/042073/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "United States",
"url": "/researchandratings/region/north-america/united-states/0420B6/0420B6/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "Middle East",
"url": "/researchandratings/region/middle-east/-/004001002/004001002/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra",
"list": []
}, {
"label": "Africa",
"url": "/researchandratings/region/africa/-/004001000/004001000/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra",
"list": [{
"label": "South Africa",
"url": "/researchandratings/region/africa/south-africa/042034/042034/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}]
},
"toolsAndData": {
"FeaturedProduct": {
"MainTitle": "Featured",
"MainProduct": [{
"Name": "Fundamental Data and Metrics",
"Target": false,
"Desc": "<p>Screen for peers or build a cohort to compare metrics and take an in-depth look at credit performance.</p>\n",
"Link": "/fundamental-data-and-metrics"
}, {
"Name": "Moody's Add-In for Excel",
"Target": true,
"Desc": "<p>Enhance your analysis using tools and features that seamlessly integrate Moody's content into your spreadsheets.</p>\n",
"Link": "/ExcelAddIn"
}]
},
"Products": {
"MainTitle": "Log in to Moody's Analytics products",
"ProductCate": [{
"Name": "Credit Analysis & Data",
"Product": [{
"Text": "MFM (Moody's Financial Metrics™)",
"Link": "https://moodysfm.moodys.com",
"Target": true
}, {
"Text": "MFRA (Municipal Financial Ratio Analysis)",
"Link": "/moodysmfra#/",
"Target": true
}, {
"Text": "QRATE (Moody's Quantitative Ratings Estimator)",
"Link": "/moodysqrate",
"Target": true
}, {
"Text": "Structured Finance Data",
"Link": "/structuredfinance/advancedscreener",
"Target": false
}]
}, {
"Name": "Related Moody's Analytics Solutions",
"Product": [{
"Text": "MIR™ (Market Implied Ratings)",
"Link": "/Pages/MIR-Ratings-Analytics.aspx",
"Target": null
}, {
"Text": "CreditEdge®",
"Link": "https://www.creditedge.com/",
"Target": true
}, {
"Text": "RiskCalc™",
"Link": "https://rafa.moodysanalytics.com/riskcalc",
"Target": true
}, {
"Text": "Default, Rating, & Recovery Analytics",
"Link": "/Pages/Default-and-Recovery-Analytics.aspx",
"Target": true
}, {
"Text": "Ratings Interactive",
"Link": "/portfolio-landing/savedsearch",
"Target": true
}, {
"Text": "Credit Trends",
"Link": "https://credittrends.moodys.com/",
"Target": true
}, {
"Text": "Moody’s Bureau van Dijk",
"Link": "https://www.bvdinfo.com",
"Target": true
}, {
"Text": "Structured Finance Portal",
"Link": " https://sfportal.com/login?rf=dashboard",
"Target": true
}, {
"Text": "Scenario Studio",
"Link": "https://www.moodysanalytics.com/microsites/scenario-studio",
"Target": true
}]
}],
"Foot": {
"Text": "Learn More",
"Link": "http://www.moodysanalytics.com/product-list/a-z-product-list",
"Target": true
}
}
},
"reports": {
"reportsList": [{
"label": "RATINGS & ASSESSMENTS REPORTS",
"list": [{
"label": "Ratings & Assessments News",
"dimensionId": "00300E",
"url": "/researchandratings/research-type/ratings-assessments-news/-/00300E/00300E/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Ratings Actions",
"dimensionId": "00300E001",
"url": "/researchandratings/research-type/ratings-assessments-news/rating-action/00300E001/00300E001/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Ratings List",
"dimensionId": "00300A000",
"url": "/researchandratings/research-type/data-reports/ratings-list/00300A000/00300A000/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Regulatory Reports",
"dimensionId": "003011",
"url": "/researchandratings/research-type/regulatory/-/003011/003011/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "RESEARCH & DATA REPORTS",
"list": [{
"label": "Issuer/Deal Reports",
"dimensionId": "003004",
"url": "/researchandratings/research-type/issuer-research/-/003004/003004/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Sector Reports",
"dimensionId": "003003",
"url": "/researchandratings/research-type/sector-research/-/003003/003003/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Research News",
"dimensionId": "00300F",
"url": "/researchandratings/research-type/research-news/-/00300F/00300F/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "METHODOLOGIES & FRAMEWORKS",
"list": [{
"label": "Rating Methodologies",
"dimensionId": "003006001",
"url": "/researchandratings/research-type/methodologies-frameworks/-/003006/003006/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Request for Comment",
"dimensionId": "003006005",
"url": "/researchandratings/research-type/methodologies-frameworks/request-for-comment/003006005/003006005/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Assessment Framework",
"dimensionId": "003006009",
"url": "/researchandratings/research-type/methodologies-frameworks/assessment-framework/003006009/003006009/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}, {
"label": "Methodology & Framework News",
"dimensionId": "00300600A",
"url": "/researchandratings/research-type/methodologies-frameworks/methodology-framework-news/00300600A/00300600A/-/-1/0/-/0/-/-/-/-/-/-/-/-/global/pdf/-/rra"
}]
}, {
"label": "FEATURED RESEARCH SERIES",
"list": [{
"label": "High Yield Interest",
"dimensionId": "050013",
"url": "/search?keyword=Series: High%20Yield%20Interest"
}, {
"label": "CLO Interest",
"dimensionId": "050007",
"url": "/search?keyword=Series: CLO%20Interest"
}, {
"label": "Bank of the Future",
"dimensionId": "05003F",
"url": "/search?keyword=Series: Bank%20of%20the%20Future"
}, {
"label": "Sovereign Monitor",
"dimensionId": "050029",
"url": "/search?keyword=Series: Sovereign%20Monitor"
}, {
"label": "Inside China",
"dimensionId": "050017",
"url": "/search?keyword=Series: Inside%20China"
}, {
"label": "US Public Finance Credit Outlook",
"dimensionId": "05002E",
"url": "/search?keyword=Series: US%20Public%20Finance%20Credit%20Outlook"
}]
}, {
"label": "CREDIT FOUNDATIONS",
"list": [{
"label": "Global Leveraged Finance: Market View",
"dimensionId": "05E003",
"url": "/creditfoundations/Global-Leveraged-Finance-Market-View-05E003"
}, {
"label": "Default Trends and Rating Transitions",
"dimensionId": "05E002",
"url": "/creditfoundations/Default-Trends-and-Rating-Transitions-05E002"
}]
}]
},
"navItemData": [{
"id": 0,
"text": "HOME",
"showContent": false
}, {
"id": 1,
"text": "TRENDING",
"showContent": false
}, {
"id": 3,
"text": "REPORTS",
"showContent": false
}, {
"id": 4,
"text": "SECTORS & REGIONS",
"showContent": false
}, {
"id": 5,
"text": "Ratings & Assessments",
"showContent": false
}, {
"id": 6,
"text": "Tools & Data",
"showContent": false
}, {
"id": 7,
"text": "EVENTS & TRAINING",
"showContent": false
}]
},
"ssoSwitch": {
"isOn": false
},
"locale": {
"language": "en",
"resource": {
"cmsLabels": {
"placeholder": "<b>Search</b> ratings, research, analysts, and more...",
"orgSectionTitle": "ORGANIZATIONS",
"dpOrgSectionTitle": "DEALS & PROGRAMS",
"topicsSectionTitle": "TOPICS",
"cfsSectionTitle": "CREDIT FOUNDATIONS",
"topicCFSectionTitle": "TOPICS / CREDIT FOUNDATIONS",
"sectorSectionTitle": "SECTORS & REGIONS",
"researchSectionTitle": "REPORTS",
"eventsSectionTitle": "EVENTS",
"mostViewedSectionTitle": "MY MOST VIEWED",
"noResultMessage": "Sorry, no results found.",
"disclosuresSectionTitle": "DISCLOSURES",
"bubbleText": "Hit <b>Enter</b> to view this Organization/Structured Finance Deal.",
"homeLabel": "HOME",
"trendingLabel": "TRENDING",
"trendingTopics": "TRENDING TOPICS",
"highlightedTopics": "HIGHLIGHTED TOPICS",
"viewAllTopics": "VIEW ALL TOPICS",
"mostViewedIssuers": "MOST VIEWED ISSUERS",
"regionalSite": "Regional Sites",
"cookieSetting": "Cookie Settings",
"submit": "Submit",
"cancel": "Cancel",
"chatNow": "LIVE CHAT",
"liveChat": "LIVE CHAT",
"okLabel": "OK",
"requiredFieldsLabel": "Required Fields",
"thankYouLabel": "Thank you",
"submitSuccessfully": "<p>The form has been successfully submitted. A representative from client services will be in contact with you shortly.</p>\n",
"requiredNameErrorMsg": "Name is required",
"requiredCompanyErrorMsg": "Company is required",
"requiredCountryErrorMsg": "Country is required",
"requiredPhoneErrorMsg": "Phone is required",
"validPhoneErrorMsg": "Please provide a valid phone number",
"requiredEmailErrorMsg": "Email is required",
"validEmailErrorMsg": "Please provide a valid email address",
"requiredTypeErrorMsg": "Type is required",
"severalErrorsErrorMsg": "Several errors occurred. Please review the form and try again.",
"serverInternalErrorMsg": "Server Error",
"alreadyACustomer": "Already a customer?",
"logIn": "Log In",
"orLabel": "OR",
"pleaseConfirm": "Please confirm you are a",
"wholesaleClient": "Wholesale Client",
"details1": "<p>Any publication into Australia is pursuant to the Australian Financial Services License of Moody’s affiliate, Moody’s Investors Service Pty Limited ABN 61 003 399 657 AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). Moody’s credit ratings and publications are intended to be provided only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. By continuing to access, browse or use this Site from within Australia, you represent to Moody’s that you are, or are accessing the Site as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate any Materials from this Site to “retail clients” within the meaning of section 761G of the Corporations Act 2001. Moody’s credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors.</p>\n\n<p> </p>\n",
"details2": "<p>It would be dangerous for “retail clients” to consider Moody's credit ratings or publications in making any investment decision.</p>\n",
"details3": "<p>If in doubt you should contact your financial or other professional adviser.</p>\n",
"confirmWholesaleStatus": "Confirm Wholesale Status"
}
}
}
}
}
</script>
<style data-styled="true" data-styled-version="5.0.1">
.eNREZV {
font-size: 16px;
position: relative;
display: inline-block;
top: 1px;
font-family: 'Neptune-iconfont' !important;
font-style: normal;
font-weight: 400;
line-height: 1;
font-variant: normal;
text-transform: none;
-webkit-font-smoothing: antialiased;
-moz-osx-font-smoothing: grayscale;
}
.eNREZV::before {
content: '\E011';
}
data-styled.g3[id="StyledComponents__StyledIcon-sc-1kamqeu-0"] {
content: "eNREZV,"
}
.LFudP {
position: relative;
width: auto;
display: inline-block;
cursor: pointer;
}
data-styled.g17[id="StyledComponents__PopoverContainer-sc-1hwu8hw-0"] {
content: "LFudP,"
}
.cVpsHx {
width: 0;
height: 0;
line-height: 0;
visibility: hidden;
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 500;
}
data-styled.g26[id="StyledComponents__PreloadElement-sc-1hwu8hw-9"] {
content: "cVpsHx,"
}
.kAtygU {
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 500;
font-size: 9px;
-webkit-letter-spacing: 0.5px;
-moz-letter-spacing: 0.5px;
-ms-letter-spacing: 0.5px;
letter-spacing: 0.5px;
color: #191919;
text-transform: uppercase;
-webkit-undefined;
-ms-flex-undefined;
undefined;
false;
false;
false;
false;
false;
}
.kAtygU:lang(zh-cn),
.kAtygU:lang(ja) {
font-size: 10px;
}
.bIXylz {
-webkit-undefined;
-ms-flex-undefined;
undefined;
-webkit-undefined;
-ms-flex-undefined;
undefined;
display: block;
word-wrap: normal;
white-space: normal;
word-break: break-word;
cursor: inherit;
false;
false;
false;
false;
}
.bIXylz:hover {
cursor: inherit;
}
.gkJPjy {
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 500;
font-size: 11px;
-webkit-letter-spacing: 0.7px;
-moz-letter-spacing: 0.7px;
-ms-letter-spacing: 0.7px;
letter-spacing: 0.7px;
color: #191919;
text-transform: uppercase;
color: #fff;
false;
false;
false;
false;
false;
}
.gkJPjy:lang(zh-cn),
.gkJPjy:lang(ja) {
font-size: 12px;
}
data-styled.g27[id="StyledComponents__StyledLabel-n84ura-0"] {
content: "kAtygU,bIXylz,gkJPjy,"
}
.bzKVJ {
-webkit-text-decoration: none;
text-decoration: none;
outline: 0;
cursor: pointer;
color: #0028a0;
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-size: 12px;
font-weight: 400;
-webkit-letter-spacing: 0;
-moz-letter-spacing: 0;
-ms-letter-spacing: 0;
letter-spacing: 0;
}
.bzKVJ:focus,
.bzKVJ:hover {
-webkit-text-decoration: underline;
text-decoration: underline;
}
data-styled.g82[id="StyledComponents__StyledLink-lxagya-0"] {
content: "bzKVJ,"
}
</style>
<div class="w">
<div class="global-header-container">
<div class="global-header">
<div class="search-mask hide-mask"></div>
<div class="cb-grid global-header-top-nav" data-nep="Grid">
<style>
.cb-row:after,
.cb-col:after {
content: '';
display: block;
height: 0;
visibility: hidden;
clear: both;
}
.cb-row {
margin-left: auto;
margin-right: auto;
width: 100%;
}
.cb-col {
box-sizing: border-box;
-ms-box-sizing: border-box;
-moz-box-sizing: border-box;
width: 100%;
max-width: 100%;
float: left;
min-height: 1px;
}
.cb-col {
padding-left: 15px;
padding-right: 15px;
}
.cb-col .cb-row {
margin-left: -15px;
margin-right: -15px;
width: auto;
}
</style>
<div class="cb-row global-header-top-nav-row section-container" style="max-width:1440px">
<div class="cb-col" style="width:100%">
<div class="nav-bar-top show">
<div class="nav-bar-top-left">
<div class="nav-top-item-container">
<div class="nav-top-item">
<a href="/termsofuseinfo.aspx?lang=en&cy=global" target="_blank"><span data-analytics-link="GlobalNav|Txt||AboutUs||Terms of Use|Terms of Use" class="StyledComponents__StyledLabel-n84ura-0 kAtygU item" data-nep="Label">Terms of Use</span></a>
</div>
</div>
<div class="nav-top-item-container">
<div class="nav-top-item">
<a href="/Pages/reg001001.aspx" target="_blank"><span data-analytics-link="GlobalNav|Txt||RegulatoryAffairs||REGULATORY AFFAIRS|REGULATORY AFFAIRS" class="StyledComponents__StyledLabel-n84ura-0 kAtygU item" data-nep="Label">REGULATORY AFFAIRS</span></a>
</div>
</div>
<div class="nav-top-item-container">
<div class="StyledComponents__PopoverContainer-sc-1hwu8hw-0 LFudP nav-top-item nav-top-item-with-icon" data-nep="Popover">
<div class="StyledComponents__PreloadElement-sc-1hwu8hw-9 cVpsHx">.</div>
<div data-at="popover-trigger" class="StyledComponents__TooltipTriggerLink-sc-1hwu8hw-8 fvVhrk">
<div data-analytics-link="GlobalNav|Txt||Careers||SUSTAINABILITY|SUSTAINABILITY" class="StyledComponents__StyledLabel-n84ura-0 bIXylz item" data-nep="Label"><span
data-analytics-link="GlobalNav|Txt||Careers||SUSTAINABILITY|SUSTAINABILITY" class="StyledComponents__StyledLabel-n84ura-0 kAtygU label" data-nep="Label">SUSTAINABILITY</span><span name="caret-down" size="13"
class="StyledComponents__StyledIcon-sc-1kamqeu-0 eNREZV caret-down-icon" data-nep="Icon"></span></div>
</div>
</div>
</div>
<div class="nav-top-item-container">
<div class="StyledComponents__PopoverContainer-sc-1hwu8hw-0 LFudP nav-top-item nav-top-item-with-icon" data-nep="Popover">
<div class="StyledComponents__PreloadElement-sc-1hwu8hw-9 cVpsHx">.</div>
<div data-at="popover-trigger" class="StyledComponents__TooltipTriggerLink-sc-1hwu8hw-8 fvVhrk">
<div data-analytics-link="GlobalNav|Txt||TermsOfUse||DIVERSITY, EQUITY & INCLUSION|DIVERSITY, EQUITY & INCLUSION" class="StyledComponents__StyledLabel-n84ura-0 bIXylz item" data-nep="Label"><span
data-analytics-link="GlobalNav|Txt||TermsOfUse||DIVERSITY, EQUITY & INCLUSION|DIVERSITY, EQUITY & INCLUSION" class="StyledComponents__StyledLabel-n84ura-0 kAtygU label" data-nep="Label">DIVERSITY,
EQUITY & INCLUSION</span><span name="caret-down" size="13" class="StyledComponents__StyledIcon-sc-1kamqeu-0 eNREZV caret-down-icon" data-nep="Icon"></span></div>
</div>
</div>
</div>
<div class="nav-top-item-container">
<div class="nav-top-item">
<a href="/careers" target="_blank"><span data-analytics-link="GlobalNav|Txt||DiversityAndInclusion||CAREERS|CAREERS" class="StyledComponents__StyledLabel-n84ura-0 kAtygU item" data-nep="Label">CAREERS</span></a>
</div>
</div>
<div class="nav-top-item-container">
<div class="StyledComponents__PopoverContainer-sc-1hwu8hw-0 LFudP nav-top-item nav-top-item-with-icon" data-nep="Popover">
<div class="StyledComponents__PreloadElement-sc-1hwu8hw-9 cVpsHx">.</div>
<div data-at="popover-trigger" class="StyledComponents__TooltipTriggerLink-sc-1hwu8hw-8 fvVhrk">
<div data-analytics-link="GlobalNav|Txt||||ABOUT US|ABOUT US" class="StyledComponents__StyledLabel-n84ura-0 bIXylz item" data-nep="Label"><span data-analytics-link="GlobalNav|Txt||||ABOUT US|ABOUT US"
class="StyledComponents__StyledLabel-n84ura-0 kAtygU label" data-nep="Label">ABOUT US</span><span name="caret-down" size="13" class="StyledComponents__StyledIcon-sc-1kamqeu-0 eNREZV caret-down-icon"
data-nep="Icon"></span></div>
</div>
</div>
</div>
</div>
<div class="nav-bar-top-right">
<div class="nav-top-item-container">
<div class="nav-top-item">
<div class="globalContact show">
<div class="StyledComponents__PopoverContainer-sc-1hwu8hw-0 LFudP" data-nep="Popover">
<div class="StyledComponents__PreloadElement-sc-1hwu8hw-9 cVpsHx">.</div>
<div data-at="popover-trigger" class="StyledComponents__TooltipTriggerLink-sc-1hwu8hw-8 fvVhrk">
<div><span data-analytics-link="GlobalNav|Txt||ContactUs|||ContactUs" class="triggerLink-top StyledComponents__StyledLabel-n84ura-0 iyjEcg" data-nep="Label">CONTACT US</span></div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="cb-grid global-header-center-nav" data-nep="Grid">
<style>
.cb-row:after,
.cb-col:after {
content: '';
display: block;
height: 0;
visibility: hidden;
clear: both;
}
.cb-row {
margin-left: auto;
margin-right: auto;
width: 100%;
}
.cb-col {
box-sizing: border-box;
-ms-box-sizing: border-box;
-moz-box-sizing: border-box;
width: 100%;
max-width: 100%;
float: left;
min-height: 1px;
}
.cb-col {
padding-left: 15px;
padding-right: 15px;
}
.cb-col .cb-row {
margin-left: -15px;
margin-right: -15px;
width: auto;
}
</style>
<div class="cb-row global-header-center-row section-container" style="max-width:1440px">
<div class="cb-col" style="width:33.3333%">
<a data-analytics-link="GlobalNav|Img||Home||Logo|Home Page Logo" data-nep="Link" href="/" target="_self" class="logo StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0" style="background-image: url("/images/Moodyslogo.svg");"></a>
</div>
<div class="cb-col global-header-top-center" style="width:33.3333%">
<div class="search-widget">
<div class="search-box">
<div class="search-box-placeholder center textWidth"><span data-nep="Icon" name="search" class="search-icon center StyledComponents__StyledIcon-sc-1kamqeu-0 eWSXFI"></span><span
class="placeholder StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label"><b>Search</b> ratings, research, analysts, and more...</span><input type="text" class="typeahead search-box-input left"
autocomplete="off" maxlength="900" style="display: none;"></div>
</div>
</div>
</div>
<div class="cb-col global-header-top-right" style="width:33.3333%"></div>
</div>
</div>
<div class="global-header-bottom-nav">
<div class="nav-bar-bottom section-container">
<div class="menu-line-container"><span class="menu-line-home" style="visibility:hidden"></span></div><span style="display:inline-block"><span class="main-nav"><span class="nav-bottom-item-container"><span
class="nav-bottom-item"><a data-nep="Link" href="/" target="_self" class="StyledComponents__StyledLink-lxagya-0 bzKVJ" tabindex="0"><span data-analytics-link="GlobalNav|Txt||Home||HOME|HOME" class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text" data-nep="Label">HOME</span></a><span
class=""></span></span></span><span class="nav-bottom-item-container"><span class="nav-bottom-item"><button type="submit" class="item-btn"><span data-analytics-link="GlobalNav|Txt||Trending||TRENDING|TRENDING"
class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text" data-nep="Label">TRENDING</span></button><span class=""></span></span></span><span class="nav-bottom-item-container"><span
class="nav-bottom-item"><button type="submit" class="item-btn"><span data-analytics-link="GlobalNav|Txt||Reports||REPORTS|REPORTS" class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text"
data-nep="Label">REPORTS</span></button><span class=""></span></span></span><span class="nav-bottom-item-container"><span class="nav-bottom-item"><button type="submit" class="item-btn"><span
data-analytics-link="GlobalNav|Txt||Sectors & Regions||SECTORS & REGIONS|SECTORS & REGIONS" class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text" data-nep="Label">SECTORS &
REGIONS</span></button><span class=""></span></span></span><span class="nav-bottom-item-container"><span class="nav-bottom-item"><button type="submit" class="item-btn"><span
data-analytics-link="GlobalNav|Txt||Ratings||Ratings & Assessments|Ratings & Assessments" class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text" data-nep="Label">Ratings &
Assessments</span></button><span class=""></span></span></span><span class="nav-bottom-item-container"><span class="nav-bottom-item"><button type="submit" class="item-btn"><span
data-analytics-link="GlobalNav|Txt||Tools & Data||Tools & Data|Tools & Data" class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text" data-nep="Label">Tools & Data</span></button><span
class=""></span></span></span><span class="nav-bottom-item-container"><span class="nav-bottom-item"><button type="submit" class="item-btn"><span
data-analytics-link="GlobalNav|Txt||Events & Training||EVENTS & TRAINING|EVENTS & TRAINING" class="StyledComponents__StyledLabel-n84ura-0 gkJPjy item-text" data-nep="Label">EVENTS &
TRAINING</span></button><span class=""></span></span></span></span>
<div class="container " style="height:0;background:">
<div class="content "></div>
</div>
</span>
<div class="nav-bottom-item-container login-item">
<div class="nav-bottom-item-login">
<a data-analytics-link="GlobalNav|Txt|||||LOG IN" data-nep="Link" class="StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0" role="button"><span class="trigger-link StyledComponents__StyledLabel-n84ura-0 hPezxl" data-nep="Label">LOG IN</span></a>
</div>
</div>
</div>
</div>
</div>
<div class="overlay-background fade-out"></div>
<div class="chat" style="display:none" id="chatButtons"><img id="liveagent_button_online_573f3000000fxSa" style="display:none;cursor:pointer"><img id="liveagent_button_offline_573f3000000fxSa" style="display:none"></div>
</div>
</div>
</div>
</div>
<div class="page-root main-container">
<div class="row-top"></div>
<div class="cb-grid">
<div class="cb-row width-row">
<div class="cb-col ">
<div id="pjax-container">
<div class="row-middle">
<div></div>
</div>
</div>
</div>
</div>
</div>
<div class="row-bottom"></div>
</div>
<div class="row-footer"></div>
</div>
<script type="text/javascript" src="/global/assets/cv2-core-vendors-f74a70b4d1.js"></script>
<meta name="WT.z_useragent" content="unknown;Chrome: 95.0.4638.54">
<script type="text/javascript" src="/global/assets/mdc-neptune-client-b0f19cf97c.min.js"></script>
<script type="text/javascript" src="/global/assets/mdc-utils-2b86c257c5.js"></script>
<script type="text/javascript" src="/global/assets/mdc-datalayer-manager-75b50abc98.js"></script>
<script type="text/javascript" src="/global/assets/mdc-global-widgets-9e5312b4bf.js"></script>
<script id="adobeDTMScript" type="text/javascript" src="//assets.adobedtm.com/launch-ENb743b986cb7b4bed811b092db7c593ab.min.js" async=""></script>
<!--BEGIN QUALTRICS SITE INTERCEPT-->
<script type="text/javascript">
(function() {
var g = function(e, h, f, g) {
this.get = function(a) {
for (var a = a + "=", c = document.cookie.split(";"), b = 0, e = c.length; b < e; b++) {
for (var d = c[b];
" " == d.charAt(0);) d = d.substring(1, d.length);
if (0 == d.indexOf(a)) return d.substring(a.length, d.length)
}
return null
};
this.set = function(a, c) {
var b = "",
b = new Date;
b.setTime(b.getTime() + 6048E5);
b = "; expires=" + b.toGMTString();
document.cookie = a + "=" + c + b + "; path=/; "
};
this.check = function() {
var a = this.get(f);
if (a) a = a.split(":");
else if (100 != e) "v" == h && (e = Math.random() >= e / 100 ? 0 : 100), a = [h, e, 0], this.set(f, a.join(":"));
else return !0;
var c = a[1];
if (100 == c) return !0;
switch (a[0]) {
case "v":
return !1;
case "r":
return c = a[2] % Math.floor(100 / c), a[2]++, this.set(f, a.join(":")), !c
}
return !0
};
this.go = function() {
if (this.check()) {
var a = document.createElement("script");
a.type = "text/javascript";
a.src = g + "&t=" + (new Date()).getTime();
document.body && document.body.appendChild(a)
}
};
this.start = function() {
var a = this;
window.addEventListener ? window.addEventListener("load", function() {
a.go()
}, !1) : window.attachEvent && window.attachEvent("onload", function() {
a.go()
})
}
};
try {
(new g(100, "r", "QSI_S_ZN_6MwgPzuyxmDNF5j", "//zn6mwgpzuyxmdnf5j-moodys.siteintercept.qualtrics.com/WRSiteInterceptEngine/?Q_ZID=ZN_6MwgPzuyxmDNF5j&Q_LOC=" + encodeURIComponent(window.location.href))).start()
} catch (i) {}
})();
</script>
<div id="ZN_6MwgPzuyxmDNF5j"><!--DO NOT REMOVE-CONTENTS PLACED HERE--></div>
<!--END SITE INTERCEPT-->
<script type="text/javascript">
(function() {
if (typeof window.__REACT_DEVTOOLS_GLOBAL_HOOK__ === "object") {
var source = Object.keys(window.__REACT_DEVTOOLS_GLOBAL_HOOK__);
for (var idx in source) {
var key = source[idx];
var value = window.__REACT_DEVTOOLS_GLOBAL_HOOK__[key];
window.__REACT_DEVTOOLS_GLOBAL_HOOK__[key] = typeof value == "function" ? function() {} : null;
}
}
}());
</script>
<script type="text/javascript">
(function() {
"use strict";
var setPageBottom = function() {
typeof(_satellite) !== "undefined" && _satellite.pageBottom();
};
if (window.addEventListener) window.addEventListener("load", setPageBottom, false);
else if (window.attachEvent) window.attachEvent("onload", setPageBottom);
})();
</script>
<script type="text/javascript">
(function() {
var walkme = document.createElement('script');
walkme.type = 'text/javascript';
walkme.async = true;
walkme.src = 'https://cdn.walkme.com/users/36f591a9492644f5ba7a0d42ed1aa7b5/walkme_36f591a9492644f5ba7a0d42ed1aa7b5_https.js';
document.body.appendChild(walkme);
window._walkmeConfig = {
smartLoad: true
};
})();
</script>
<script src="/_layouts2/Mdc/Scripts/Global/webtrends.js?v=CV2_Patch.3.0.0-7a1a5b45-0dec-4a70-a6e8-ddc609aca340" type="text/javascript"></script>
<meta name="WT.z_useragent" content="unknown;Chrome: 95.0.4638.54">
<noscript><img src="https://www.moodys.com/akam/11/pixel_6a9c14a0?a=dD04YWE5YjIxZGY2ZGE4MDc0NmNjNmMyNjNkNmJkZDUyMGJiZDFhNTFhJmpzPW9mZg==" style="visibility: hidden; position: absolute; left: -999px; top: -999px;"></noscript>
</div>
<script>
function adjustHeaderWidth() {
if ($(".mdcTopPopupMsg").length > 0) {
var margin = -(document.body.clientWidth - 986) / 2;
if (margin < 0) {
$("#cv2Header").css("margin-left", margin - 5);
} else {
$("#cv2Header").css("margin-left", 0);
}
} else {
$("#cv2Header").css("margin-left", -5);
}
$("#cv2Header").css("width", document.body.clientWidth);
$("#cv2Header").removeClass("mdcHide");
}
adjustHeaderWidth();
$(window).resize(function() {
adjustHeaderWidth();
});
</script>
</div>
<script src="/_layouts2/Mdc/Scripts/Library/jquery_simplemodal/jquery.simplemodal-1.4.4-modified.js" type="text/javascript"></script>
<script src="/_layouts2/Mdc/Scripts/Library/underscore-1.4.4.js" type="text/javascript"></script>
<script src="/_layouts2/Mdc/Scripts/Library/backbone-1.0.0.js" type="text/javascript"></script>
<div id="mdcMinHeightRight">
</div>
<div id="mdcMiddle">
<div id="mdcGlobalMessageBox">
<div id="mdcGlobalWarning">
<script>
$(function() {
var pathname = window.location.pathname;
$.ajax({
url: "/GlobalWarning/GetWarnings?pathName=" + pathname,
type: 'GET',
dataType: 'html',
success: function(html) {
$("#mdcGlobalWarningsContainer").html(html);
},
error: function(jqXhr) {
$("#mdcGlobalWarningsContainer").html(jqXhr.responseText);
console.log(jqXhr.responseText);
}
});
});
</script>
<div id="mdcGlobalWarningsContainer">
<div id="mdcGlobalWarningContainer" class="mdcHide">
<div id="mdcGlobalWarningBox">
<div class="mdcGWInnerBox">
<div class="mdcGWImage">
<img src="/_layouts2/Mdc/Images/GlobalWarning_5.0.2009.403.gif" alt="">
</div>
<div class="mdcGWContentBox">
<div class="mdcGWContentTopBorder"></div>
<div class="mdcGWContent">
<ul class="mdcGWMessageList">
</ul>
</div>
</div>
</div>
</div>
<div style="height: 10px" class=""></div>
</div>
</div>
</div>
<div id="mdcKeywordRedirect">
<div id="mdcKeywordRedirectContainer" class="mdcHide">
<div id="mdcKeywordRedirectBox">
<img src="/_layouts2/Mdc/Images/icon_information.png" alt="" style="height:26px;width:26px;float:left;">
<div style="float:right;padding-top:5px;">
<div id="mdcKeywordRedirectNote">Please Note</div>
</div>
</div>
<div id="mdcKeywordRedirectMsg">We brought you to this page based on your search query. If this isn't what you are looking for, you can
<a href="/page/search.aspx?cy=global&kw=&rkw=0&tb=1"><font color="#1257C5" style="font-size:12px">continue to Search Results for </font><b><font color="#1257C5" style="font-size:12px">""</font></b></a></div>
<div style="height:10px;"></div>
</div>
</div>
</div>
<div id="mdcExportRatingOrgListWarning" class="mdcHide">
<div id="mdcCLTopBanner">
<div class="mdcCLLeftImageContainer"><img src="/_layouts2/Mdc/Images/CL_TL.gif"></div>
<div class="mdcCLCenterImageContainer"><img src="/_layouts2/Mdc/Images/CL_TC.gif" width="380px" height="10px"></div>
<div class="mdcCLRightImageContainer"><img src="/_layouts2/Mdc/Images/CL_TR.gif"></div>
<div class="mdcCLClear"></div>
</div>
<div id="mdcCLCenter">
<div>
<table width="100%">
<tbody>
<tr>
<td><img alt="" src="/_layouts2/Mdc/Images/infor_icon.gif"></td>
<td style="padding-left:7px; font-size:12px;">The maximum number of items you can export is 3,000. Please reduce your list by using the filtering tool to the left.</td>
</tr>
</tbody>
</table>
</div>
<div id="mdcCLDownHalf" style="margin-top:4px;">
<div style="float:right; padding-right:150px">
<table>
<tbody>
<tr>
<td>
<div class="mdcBtnBackground">
<div id="exportWarningClose" onclick="javascript:tb_remove();">Close</div>
</div>
</td>
</tr>
</tbody>
</table>
</div>
<div class="mdcCLClear"></div>
</div>
</div>
<div class="mdcCLBottomBanner">
<div class="mdcCLLeftImageContainer"><img src="/_layouts2/Mdc/Images/CL_BL.gif"></div>
<div class="mdcCLCenterImageContainer"><img src="/_layouts2/Mdc/Images/CL_BC.gif" width="380px" height="10px"></div>
<div class="mdcCLRightImageContainer"><img src="/_layouts2/Mdc/Images/CL_BR.gif"></div>
</div>
</div>
<div id="mdcCrossLanguageWarning" class="mdcHide">
<div class="mdcCLTopBanner">
<div class="mdcCLLeftImageContainer"><img src="/_layouts2/Mdc/Images/CL_TL.gif"></div>
<div class="mdcCLCenterImageContainer"><img src="/_layouts2/Mdc/Images/CL_TC.gif" width="460px" height="10px"></div>
<div class="mdcCLRightImageContainer"><img src="/_layouts2/Mdc/Images/CL_TR.gif"></div>
<div style="clear:both;"></div>
</div>
<div id="mdcCLCenter" style="line-height:12px; font-size:12px;">
<div style="">
<table width="100%">
<tbody>
<tr>
<td><img alt="" src="/_layouts2/Mdc/Images/infor_icon.gif"></td>
<td style="padding-left:7px; font-size:12px;"></td>
</tr>
</tbody>
</table>
</div>
<div id="clwUrl" class="mdcHide"></div>
<div id="clwWindow" class="mdcHide"></div>
<div id="clwId" class="mdcHide"></div>
<div id="clwRegion" regionval="en" class="mdcHide"></div>
<div id="mdcCLDownHalf" style="margin-top:4px;">
<div style="float:left; padding-left:12px;">
<input id="rememberCrossLanguage" name="rememberCrossLanguage" type="checkbox" value="" text="" style="border:0px;">
<span style="vertical-align:top; padding-left:7px; font-size:12px;"></span>
</div>
<div style="float:right;">
<table>
<tbody>
<tr>
<td>
<div class="mdcBtnBackground">
<div id="clwYes" onclick="javascript:tb_remove(); $.mdc.CrossLanguageWarning.ToUrl();"></div>
</div>
</td>
<td style="padding-left:10px;">
<div class="mdcBtnBackground">
<div id="clwNo" onclick="$.mdc.CrossLanguageWarning.CancelCross();"></div>
</div>
</td>
</tr>
</tbody>
</table>
</div>
<div class="mdcCLClear"></div>
</div>
</div>
<div class="mdcCLBottomBanner">
<div class="mdcCLLeftImageContainer"><img src="/_layouts2/Mdc/Images/CL_BL.gif"></div>
<div class="mdcCLCenterImageContainer"><img src="/_layouts2/Mdc/Images/CL_BC.gif" width="460px" height="10px"></div>
<div class="mdcCLRightImageContainer"><img src="/_layouts2/Mdc/Images/CL_BR.gif"></div>
</div>
</div>
<div>
<div id="mdcLeftDecorator">
<div id="mdcLeft">
<div id="mdcGuided">
</div>
</div>
</div>
<div id="mdcRight">
<div id="mdcRightContainer">
<div id="mdcContactUs" class="">
<h2> Contact Us </h2>
<div class="contactUsLeft">
<div class="mdcTileContent">
<p><strong>Americas</strong> Client Desk<br> +1-212-553-1653<br>
<a href="mailto:clientservices@moodys.com">clientservices@moodys.com</a>
</p>
</div>
<div class="mdcTileContent">
<p><strong>EMEA</strong> Client Desk<br> +44-20-7772-5454 <br>
<a href="mailto:clientservices@moodys.com">clientservices@moodys.com</a>
</p>
</div>
<div class="mdcTileContent">
<p><strong>Asia Pacific</strong> Client Desk<br> +852-3551-3077 <br>
<a href="mailto:clientservices@moodys.com">clientservices@moodys.com</a>
</p>
</div>
<div class="mdcTileContent">
<p><strong>Japan</strong> Client Desk<br> +81-3-5408-4100 <br>
<a href="mailto:clientservices@moodys.com">clientservices@moodys.com</a>
</p>
</div>
<p> </p>
</div>
</div>
</div>
</div>
<div id="mdcCenter">
<div id="mdcCenterContent">
<div id="PlaceHolderMdcContent_PlaceHolderMdcCenter_BackToPreviousPage">
<div id="mdcBackPrevious">
<a href="javascript:history.back()">Back to Previous Page</a>
</div>
</div>
<div id="mdcPrivatePolicy">
<div id="PrivacyPolicyContainer">
<div id="LanguageControlContainer">
<div class="mdcLanguageTitle">Privacy Policy</div>
<div id="LanguageSection"> Language: <select name="ctl00$ctl00$PlaceHolderMdcContent$PlaceHolderMdcCenter$RegistrationAccountActivationControl$LanguageControl$lsGenericLanguage"
onchange="javascript:setTimeout('__doPostBack(\'ctl00$ctl00$PlaceHolderMdcContent$PlaceHolderMdcCenter$RegistrationAccountActivationControl$LanguageControl$lsGenericLanguage\',\'\')', 0)"
id="PlaceHolderMdcContent_PlaceHolderMdcCenter_RegistrationAccountActivationControl_LanguageControl_lsGenericLanguage">
<option value="zh-cn">简体中文</option>
<option value="zh-tw">繁體中文</option>
<option value="cs">Čeština</option>
<option selected="selected" value="en">English</option>
<option value="fr">Français </option>
<option value="de">Deutsch</option>
<option value="it">Italiano</option>
<option value="ja">日本語</option>
<option value="ko">한국어</option>
<option value="pl">Polski</option>
<option value="pt">Português</option>
<option value="ru">Pyccĸий</option>
<option value="es">Español</option>
<option value="es-ar">Español (Argentina)</option>
<option value="tr">Tϋrkçe</option>
</select>
</div>
<div class="mdcClear">
</div>
</div>
<div>
<p> </p>
<p><strong>LAST UPDATED: November 4, 2020 </strong>
</p>
<p> </p>
<p> Moody’s respects and values your privacy. This Privacy Policy explains how we collect your Personal Data (defined below) on those web sites of Moody’s that post or link directly to this Privacy Policy (collectively, the
“Site”) and through offline means, how we use, disclose, and protect such data, and the choices you have concerning our use of such data. Please read this Privacy Policy carefully. Moody’s may from time to time update this
Privacy Policy. Any changes to this Privacy Policy will become effective when we post or link to the revised Privacy Policy on the Site. Please review the “<em>Last Updated</em>” legend at the top of this page to determine when
this Privacy Policy was most recently revised. </p>
<p> </p>
<p> For the purposes of this Privacy Policy, “Moody’s”, "we", "us", and "our" means Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and their affiliates. A complete list of Moody’s group affiliates is available at
<a href="http://www.moodys.com/MoodysGroupAffiliates">www.moodys.com/MoodysGroupAffiliates</a>. </p>
<p> </p>
<p>You do not have to provide us with any Personal Data to visit the Site. However, if you choose to withhold requested information, you may not be able to visit all sections or use all features of the Site.</p>
<p> </p>
<p>This Privacy Policy shall also apply to any Moody’s mobile application and other forms of Moody’s online activity that reference this Privacy Policy. In such instances, the term “Site” shall include the applicable mobile
application or other Moody’s online activity whenever that term is used herein. In connection with your use of any Moody’s mobile application, your Personal Data (and Other Data, as described below) may also be collected and
used by your mobile device manufacturer, the mobile application store from which you obtained the Moody’s mobile application, your telecommunication provider, or other third parties involved in the delivery of the application or
data to your mobile device, and such collection and use shall be subject to the privacy policy of the applicable third party. Moody’s is not responsible for any third party’s privacy practices. </p>
<p> </p>
<p><strong>Types of Data Collected</strong></p>
<p> </p>
<p>We gather Personal Data and Other Data (as described below). </p>
<p> </p>
<p><strong>Collection of Personal Data</strong></p>
<p> </p>
<p>Personal data is information that identifies you or can be used to identify or contact you, <em>e.g.</em>, your name, email address, address, or phone number ("Personal Data"). We may need to collect and process Personal Data
in order to provide requested information, products or services to you (including the Site) or because we are legally required to do so. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Moody’s requests Personal Data from you if the Site requires registration. The registration process requests that you provide Personal Data, such as your
name, business email address, business address or country/jurisdiction location, business phone number, and company affiliation, and agree to the User Agreement presented at the time of registration. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Moody’s may receive Personal Data from social media platforms. For example, if you elect to use your social media credentials to log-in to your Site
account, certain Personal Data from your social media account will be shared with us, which may include Personal Data that is part of your social media profile. <strong> </strong></p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Moody’s may collect Personal Data voluntarily provided by you, including in emails, online forms, order and registration forms, surveys, promotion
participation, online chats, phone calls , and through other means. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Moody’s may request Personal Data from our customers to comply with applicable anti-money laundering laws and other applicable laws. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• On some of Moody’s Sites, including <a href="http://www.moodys.com/">www.moodys.com</a>, you are able to maintain "portfolios," where, if you are a
registered user, you have the option to list financial instruments in which you have a special interest. To be useful, this information must be stored on the Site, and is accessible to anyone with whom you share your username
and password. For this reason, please safeguard your username and password carefully and do not disclose them to any other person. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• We may use third-party payment services (each, a "Payment Service") to collect payments made through the Site. If you wish to make a payment through the
Site, you may be directed to a webpage that is hosted by a Payment Service (or a Payment Service's service providers) and not by Moody’s. Any Personal Data that you provide through a Payment Service page will be collected by the
Payment Service and not by Moody’s, and will be subject to Payment Service's privacy policy, rather than this Privacy Policy. Moody’s has no control over, and is not responsible for, a Payment Service's use of information
collected through a Payment Service page. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Moody’s collects information through various other means, including searches online, participation at conferences and events, individual introductions, from
employers that enroll their employees in our services, and from selected third-party business partners. From time to time, we may also acquire from third parties certain lists containing the names and contact information of
individuals who may be interested in our products and services. </p>
<p> </p>
<p><strong>Use of Personal Data Collected </strong></p>
<p> </p>
<p>
<em>We use Personal Data for legitimate business purposes, including the following: </em>
</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Fulfillment of Requests. Moody’s may use Personal Data about you to deliver products and services to you, and to provide you with information about
products and services you’ve ordered. We will engage in these activities to manage our contractual relationship with you and to fulfil our contractual obligations. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Marketing Communications. From time to time, we may use Personal Data about you to inform you of products, programs, services and promotions that we
believe may be of interest to you. If your employer is a Moody’s customer, we may also inform you of such products, programs, services and promotions using Personal Data about you that your employer provided to
Moody’s. We may also use Personal Data of media contacts for press release distribution or sharing other newsworthy developments related to our business activities. If you would prefer that we not send electronic marketing
messages to you, please see the "<em>Your Choices</em>" section below. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Promotions. We may operate sweepstakes, contests and similar promotions (collectively, "Promotions"). If you choose to enter Moody’s Promotions,
we may require certain Personal Data when you enter and, if applicable, win a Promotion. You should carefully review the rules of each Promotion in which you participate, as they may contain additional important
information about our use of Personal Data about you. To the extent that the terms and conditions of such rules concerning the treatment of your Personal Data conflict with this Privacy Policy, the terms and conditions of
such rules shall control. We will use this information to operate the Promotions. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Other Business Purposes. We may also use Personal Data about you for other business purposes, such as data analysis (for example, to improve the
efficiency of our services), editorial and feedback purposes, providing customer support, customizing and improving the content and layout of the Site, completing business transactions (for example, to confirm content requested
is received by customers), development and delivery of marketing and promotion plans and materials, statistical analysis of user behavior (for example, to understand what parts of the Site are of most interest to users), product
development, conducting surveys and market research, and administering individual accounts. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Administrative Communications. Moody’s reserves the right to use Personal Data to send to you important information regarding the Site, products,
services, your account status, the User Agreement, this Privacy Policy, or any other policies, agreements or transactions relevant to your use of the Site, products and/or services. Because this information may be important to
your use of the Site, products and/or services, you may not opt-out of receiving such communications. We will engage in this activity to manage our contractual relationship with you and/or to comply with a legal
obligation.</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Compliance with law and regulation. We may use Personal Data as necessary to comply with applicable legal and regulatory requirements such as sales tax
collection, audits, etc.</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Where required by applicable law, we will only use Personal Data with your consent.</p>
<p> </p>
<p><strong>Collection and Use of Other Data </strong></p>
<p> </p>
<p>
<em>We and our service providers may also collect and use the following types of data, referred to in this Privacy Policy as “Other Data”: </em>
</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Monitoring Data. Moody’s and its service providers may collect and/or track other information such as demographic information, domain names, computer type,
browser types, screen resolution, and other statistical data involving the use of the Site ("Monitoring Data"). We use Monitoring Data to help us understand who uses the Site and to improve and market it, as well as our other
web sites and services.<br><br>Unless combined with Personal Data, Monitoring Data does not personally identify you or any other user, and we may use it for any purpose. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Aggregated Data. We may aggregate Personal Data in a manner such that the end-product does not personally identify you or any other user of the Site, for
example, by using information to calculate the percentage of our users who have a particular telephone area code. Such aggregate information may also be used for any purpose.<strong></strong></p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Cookies. To enhance the Internet experience on the Site, Moody's and our service providers may use ‘cookies’ on the Site. Cookies are data that
a web server transfers to an individual's computer for recordkeeping and other purposes. We use cookies and other technologies to facilitate users' ongoing access to and use of our Site. If you do not want
information collected through the use of cookies, there is a simple procedure in most browsers that allows you to automatically decline cookies, or to be given the choice of declining or accepting the transfer of a particular
cookie, or cookies from a particular web site, to your computer. If cookies are disabled, however, all features of the Site may not operate as intended. Information about disabling cookies can be found on your Internet browser
provider’s web site. <br><br>The Site may have a Cookie Policy that applies to its use of cookies and other similar tracking technologies. If it does, then the Cookie Policy will apply in addition to this
Privacy Policy.</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Tools. </p>
<p> </p>
<p style="margin-left:0.8in;text-indent:-0.24in">o We and our service providers may also use various common Internet tools such as 'pixel tags,' ‘action tags,’ ‘web beacons,’ ‘.gif tags,’ 'JavaScript'
or similar technologies (together, "Tools") in connection with Site pages and email messages in certain formats to, among other things, track the actions of Site users and email recipients, to determine the success of marketing
campaigns and to compile statistics about Site usage and response rates. Tools allow us to count users who have visited certain pages of the Site, to deliver services, and to help determine the effectiveness of promotional or
advertising campaigns. When used in email messages in certain formats, Tools can tell the sender whether and when the email has been opened.</p>
<p> </p>
<p style="margin-left:0.8in;text-indent:-0.24in">o Moody’s uses cookies and Tools to understand how the Site is used and to customize and enhance the Internet experience of individual users. When you
revisit the Site, Moody’s may recognize you by a Tool and customize your experience. For example, once you have completed the registration process, a cookie and/or Tool will be used to avoid having you register again. We
believe cookies and Tools add value to the user experience. </p>
<p> </p>
<p style="margin-left:0.8in;text-indent:-0.24in">o We may use Google Analytics, which uses cookies and other similar technologies, to collect and analyze information about Site use and to report on
activities and trends. The service may also collect information regarding the use of other websites, apps and online resources. You can learn about Google’s practices by going to
<a href="https://policies.google.com/privacy/partners">https://policies.google.com/privacy/partners</a>, and opt out of them by downloading the Google Analytics opt-out browser add-on, available at
<a href="https://tools.google.com/dlpage/gaoptout">https://tools.google.com/dlpage/gaoptout</a>. </p>
<p> </p>
<p style="margin-left:0.8in;text-indent:-0.24in">o We do not respond to browser do-not-track signals at this time. <strong></strong></p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Verification. We may use third-party services to verify that you are a human user. Any information collected as part of such verification is subject to the
privacy policy of the third-party service provider. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• IP Addresses. When you visit and interact with the Site, we and our third-party service providers may collect Internet Protocol (IP) addresses. Your
IP address is a number that is automatically assigned to the computer that you are using by your Internet Service Provider (ISP). This number is identified and logged automatically in our server log files whenever you
visit the Site, along with the time(s) of your visit(s) and the page(s) that you visited. We use IP addresses to understand how the Site is used by our users, to improve the Site and to enhance user experience of the
Site. We may also derive your approximate location from your IP address. </p>
<p> </p>
<p>If we are required to treat Other Data as Personal Data under applicable law, then we may use and disclose it for the purposes described above, as well as for the purposes for which we use and disclose Personal Data as detailed
in this Privacy Policy.</p>
<p> </p>
<p>
<strong>Our Advertising</strong>
</p>
<p> </p>
<p> We may use third-party advertising companies to serve advertisements regarding products and services that may be of interest to you when you access and use the Site, our apps and other websites or online services, based on
information relating to your access to and use of the Site and other websites or online services on any of your devices, as well as on information received from third parties. To do so, these companies may place or
recognize a unique cookie on your browser (including through the use of pixel tags). They may also use these technologies, along with information they collect about your online use, to recognize you across the devices you
use, such as a mobile phone and a laptop. If you would like more information about this practice, and to learn how to opt out of it in desktop and mobile browsers on the particular device on which you are accessing this
Privacy Policy, please visit <a href="http://optout.aboutads.info/#/">http://optout.aboutads.info/#/</a> and <a href="http://optout.networkadvertising.org/#/">http://optout.networkadvertising.org/#/ </a>. You may download
the AppChoices app at <a href="http://www.aboutads.info/appchoices">www.aboutads.info/appchoices</a> to opt out of this practice in mobile apps. </p>
<p> </p>
<p>
<strong>Disclosure of Personal Data Collected</strong>
</p>
<p> </p>
<p>
<em>We may disclose Personal Data for the following purposes: </em>
</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Third-Party Service Providers. We may provide Personal Data to third-party service providers, who provide services to us, including but not limited
to, data analysis, order fulfillment, payment processing, and other services. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Affiliate Communications. Moody’s may transfer Personal Data among our affiliates (a list of which is available at
<a href="/Affiliates_of_Moodys">www.moodys.com/Affiliates_of_Moodys</a>) to allow our affiliates to contact you regarding products, programs, services and promotions that they believe may be of interest to you, and such
affiliates may otherwise use your Personal Data in accordance with the privacy policy applicable to them as specified in the referenced above in this bullet. If you would prefer not to receive marketing
communications from Moody’s or our affiliates, please see the <em>"Your Choices"</em> section below. Moody’s Corporation will be the party responsible for jointly used Personal Data. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Strategic Partners and Co-Branded Sites. From time to time, we may enter into a special relationship with another company that is not owned by or
affiliated with Moody’s to provide or promote joint products, services, applications, or features (together, “Jointly Offered Items”). These special relationships may include co-branded web sites (“co-branded pages”). Any
information, including Personal Data, that you provide in connection with one of these Jointly Offered Items, and/or on one of these co-branded pages, will be shared with our third-party partners. You should check these
third parties’ web sites for information regarding their privacy practices. PLEASE NOTE THAT THIS PRIVACY STATEMENT DOES NOT ADDRESS THE PRIVACY OR INFORMATION PRACTICES OF ANY THIRD PARTIES. If you do not want
Personal Data about you shared with such third parties, please do not provide Personal Data in connection with the Jointly Offered Items and/or co-branded pages.<strong></strong></p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Third-Party Data Providers. If you subscribe to a Moody’s product or service that contains third-party data, we may be required to provide your
Personal Data to the third party as part of our reporting obligations. We will only do so if a third-party data provider conditions your receipt of their data on knowing your identity. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Conferences and Events. When you attend a conference or event organized by Moody’s, your name and contact information may be shared with other
attendees and co-hosts of the conference or event.</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Promotions. We may share the Personal Data you provide in connection with Promotions with third-party sponsors of such Promotions (irrespective of
whether such Promotions are hosted by us), or otherwise in accordance with the rules applicable to those Promotions. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Assignment. We may disclose or transfer any and all Personal Data that we collect to an affiliated entity or a third party (and their respective
advisors) in the event of any reorganization, merger, sale, joint venture, assignment, transfer or other disposition of all or any portion of our business, assets or stock (including without limitation in connection with any
bankruptcy or similar proceedings).</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• Law Enforcement; Emergencies; Compliance. We may use and disclose Personal Data about you to others as we believe to be appropriate: (a) in compliance
with laws, rules, or regulations in any country in which Moody’s operates, including laws outside your country of residence; (b) to comply with legal process; (c) to respond to requests from government or public authorities,
including government and public authorities outside your country of residence; (d) to enforce our Terms of Use; (e) to protect our operations or those of any affiliated entities; (f) to protect the rights, privacy, safety or
property of Moody’s, its affiliated entities, you, or others; and (g) to permit us to pursue available remedies or limit the damages that we may sustain. For example, we may, to the fullest extent the law allows, disclose
Personal Data about you to law enforcement agencies to assist them in identifying individuals who have been or may be engaged in unlawful activities.</p>
<p> </p>
<p>If you would like to receive more information on the third parties with whom we share your Personal Data, please contact us by using the information provided in the “Contact Information for Moody’s” section below.</p>
<p> </p>
<p><strong>Your Choices </strong></p>
<p> </p>
<p> We give you choices regarding our use and disclosure of your Personal Data for marketing purposes. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• If you no longer want to receive marketing-related emails from us on a going-forward basis, you may stop receiving these marketing-related emails by sending
an e-mail to <a href="mailto:unsubscribe@moodys.com?subject=Unsubscribe%20from%20Marketing%20Emails%20(Privacy%20Policy)">unsubscribe@moodys.com</a>. </p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• If you would prefer that we do not share your Personal Data on a going-forward basis with our affiliates or with unaffiliated third parties for their
marketing purposes, you may cease this sharing by sending an e-mail to <a href="mailto:unsubscribe@moodys.com?subject=Unsubscribe%20from%20Marketing%20Emails%20(Privacy%20Policy)">unsubscribe@moodys.com</a>. </p>
<p> </p>
<p>We will comply with your request(s) as soon as reasonably practicable, and in accordance with applicable law. Further, please note that requesting us not to share your Personal Data with affiliates or unaffiliated third
parties may result in you no longer receiving any marketing emails from Moody’s. Please also note that if you choose not to receive marketing-related messages from us, we may still send you important administrative
messages, and you cannot elect to stop receiving such administrative messages, unless you choose to stop receiving services from us. </p>
<p> </p>
<p> You may also indicate your choices regarding marketing-related emails by contacting us via postal mail or telephone using the information in the <em>“Contact Information for Moody’s</em>” section below, or if you have a Site
profile/account, by changing your preferences on your Site profile/account at any time.</p>
<p> </p>
<p>
<strong>How you can access, change or suppress your Personal Data</strong>
</p>
<p> </p>
<p> If you would like to request to review, correct, update, suppress, delete or otherwise limit our use of your Personal Data that has been previously provided to us, or if you would like to request to receive an electronic copy
of your Personal Data for purposes of transmitting it to another company (to the extent this right to data portability is provided to you by applicable law), you may make a request by accessing and completing a
<a href="https://privacyportal.onetrust.com/webform/a696b747-e5ce-4cb2-a812-21d5563c48f9/a6e2bf56-b96e-4a0a-aa61-a7b36ad806ca">Personal Data Request Form</a>. We will respond to your request consistent with applicable law.
For your protection, we may only implement requests with respect to the Personal Data associated with the particular email address that you use to send us your request, and we may need to verify your identity before implementing
your request. We will try to comply with your request as soon as reasonably practicable and consistent with applicable law. Please note that we may need to retain certain information for recordkeeping purposes and/or
to complete any transactions that you began prior to requesting the change or deletion. </p>
<p> </p>
<p>
<strong>Links</strong>
</p>
<p> </p>
<p> The Site may contain links to other Internet web sites, including social media sites and third-party hosted collaboration tools. These linked sites are not under Moody’s control. We provide links only as a convenience,
and Moody’s does not endorse or control, and is not responsible for, the privacy practices or the content of these linked sites. If you provide any Personal Data through any third-party web site, or choose to communicate
with us using third-party collaboration tools or other social media platforms, your transaction will occur on that third party's web site (not the Site) and the Personal Data you provide will be collected by, and controlled by
the privacy policy of, that third party. We recommend that you familiarize yourself with the privacy policies and practices of any such third parties. PLEASE NOTE THAT THIS PRIVACY POLICY DOES NOT ADDRESS THE PRIVACY
OR INFORMATION PRACTICES OF ANY THIRD PARTIES, INCLUDING, WITHOUT LIMITATION, AFFILIATED ENTITIES THAT DO NOT POST OR LINK DIRECTLY TO THIS PRIVACY POLICY.</p>
<p> </p>
<p>
<strong>Security Measures</strong>
</p>
<p> </p>
<p> Moody's has established reasonable organizational and technical measures to protect Personal Data within our organization from loss, misuse, or unauthorized access, disclosure, alteration or destruction. Please note that while
Moody’s has endeavored to create a secure and reliable Site for users, no site is 100% secure. If you have reason to believe that your interaction with us is no longer secure (for example, if you feel that the security of any
account you might have with us has been compromised), please notify us of the problem immediately by contacting us using the information provided below in <em>"Contact Information for Moody’s"</em> (note that if you choose to
notify us via physical mail, this will delay the time it takes for us to respond to the problem).</p>
<p> </p>
<p>
<strong>Data Integrity</strong>
</p>
<p> </p>
<p> Moody’s will use Personal Data only in ways that are compatible with the purposes for which it was collected, authorized by this Privacy Policy, or authorized by you. Moody’s will take reasonable steps to ensure that
Personal Data is relevant to its intended use, and is accurate, complete, and current (as provided by you). Moody’s depends on you to update or correct your Personal Data whenever necessary. </p>
<p> </p>
<p>
<strong>Retention Period</strong>
</p>
<p> </p>
<p> We will retain Personal Data about you for as long as needed or permitted in light of the purpose(s) for which it was obtained and consistent with applicable law. The criteria used to determine our retention periods
include: (i) the length of time we have an ongoing relationship with you; (ii) whether there is a legal obligation to which we are subject; and (iii) whether retention is advisable in light of our legal position (such as in
regard to applicable statutes of limitations, litigation or regulatory investigations).</p>
<p> </p>
<p>
<strong>Cross Border Transfer of Personal Data</strong>
</p>
<p> </p>
<p> Your Personal Data may be stored and processed in any country where we have facilities or in which we engage service providers. In certain circumstances, courts, law enforcement agencies, regulatory agencies, or security
authorities in those other countries may be entitled to access your Personal Data.</p>
<p> </p>
<p> If you are located in the European Economic Area (“EEA”): Some of the non-EEA countries are recognized by the European Commission as providing an adequate level of data protection according to EEA standards (the full
list of these countries is available on the EU Commission’s adequacy list online at:
<a href="https://ec.europa.eu/info/law/law-topic/data-protection/data-transfers-outside-eu/adequacy-protection-personal-data-non-eu-countries_en">https://ec.europa.eu/info/law/law-topic/data-protection/data-transfers-outside-eu/adequacy-protection-personal-data-non-eu-countries_en</a>).
For transfers from the EEA to countries not considered adequate by the European Commission, we have put in place adequate measures, such as standard contractual clauses adopted by the European Commission, to protect your
Personal Data. You may obtain a copy of these measures by contacting us using the information provided in the <em>“Contact Information for Moody’s”</em> section below. </p>
<p> </p>
<p> If you are located in other countries, we will also ensure that we have appropriate legal grounds to perform cross-border transfers of your Personal Data. Where required in certain jurisdictions, we comply with requirements on
initial processing of Personal Data with the use of databases located in the country of collection of your Personal Data.</p>
<p> </p>
<p>
<strong>Use of this Site by Minors</strong>
</p>
<p> </p>
<p> This Site is not directed to individuals under the age of eighteen (18), and we request that these individuals do not provide Personal Data through this Site. </p>
<p> </p>
<p>
<strong>Sensitive Personal Data Restriction</strong>
</p>
<p> </p>
<p> Unless we specifically request for information to comply with applicable anti-money laundering laws and other applicable laws, we ask that you not send us, and you not disclose, any sensitive Personal Data (<em>e.g.</em>,
social security numbers, passport numbers, information related to racial or ethnic origin, political opinions, religion or other beliefs, health, biometrics or genetic characteristics, criminal background or trade union
membership) on or through this Site or otherwise to us. </p>
<p> </p>
<p>
<strong>Contact Information for Moody’s</strong>
</p>
<p> </p>
<p> Questions or concerns regarding Moody's data protection practices should be addressed to: <br> Legal Department<br> Moody’s Corporation<br> 7 World Trade Center at 250 Greenwich Street<br> New York, NY 10007<br> Phone:
+1-212-553-1653 or 1-866-995-9659<br> E-mail: <a href="mailto:privacy@moodys.com">privacy@moodys.com</a></p>
<p> </p>
<p> If you choose to contact Moody’s via e-mail about this Privacy Policy, please mark the subject heading of your e-mail “Privacy Inquiry.”</p>
<p> </p>
<p>
<strong>Additional Information for the EEA</strong>
</p>
<p> </p>
<p> You may lodge a complaint with the data protection authority for your country or region, or where an alleged infringement of applicable data protection law occurs.</p>
<p> </p>
<p> For Germany, you may contact our German Data Protection Officer by sending an e-mail to <a href="mailto:privacy@moodys.com">privacy@moodys.com</a> with the subject heading “German Inquiry.”<strong> </strong></p>
<p> </p>
<p>
<strong>Additional Information for California</strong>
</p>
<p> </p>
<p>If you are a resident of California, the California Consumer Privacy Act (“CCPA”) (Civil Code § 1798.100) provides you with specific rights regarding your Personal Data. These include:</p>
<p> </p>
<p style="margin-left:0.4in;text-indent:-0.16in">• You can request information about our collection and use of your Personal Data over the past twelve (12) months concerning: (i) the categories of Personal
Data we collected about you, (ii) the business or commercial purpose for collecting your Personal Data, (iii) the categories of sources from which your Personal Data is collected, and (iv) the categories of third parties with
whom we share your Personal Data. You can request a list disclosing the categories of your Personal Data we have shared in connection with a business purpose.</p>
<p style="margin-left:0.4in;text-indent:-0.16in">• You can request to receive a copy of your Personal Data in a commonly used and machine-readable format.</p>
<p style="margin-left:0.4in;text-indent:-0.16in">• You can request that we delete your Personal Data, subject to certain exceptions. </p>
<p> </p>
<p>To exercise the rights described above, it may be necessary for us to verify your identity or authority to make the request and confirm the Personal Data relates to you. Only you, or a person registered with the California
Secretary of State that you authorize to act on your behalf, may make a verifiable consumer request related to your Personal Data. We will not discriminate against you for exercising any of your privacy rights under CCPA or
applicable law.</p>
<p> </p>
<p>During the past twelve (12) months, we collected the categories of Personal Data described above from California residents. We also disclosed such Personal Data to third parties for the purposes specified above during the past
twelve (12) months.</p>
<p> </p>
<p>Unless expressly stated in a privacy policy or statement applicable to a specific Moody’s affiliate’s website, product or service, Moody’s does not sell your Personal Data. </p>
<p> </p>
<p>You may exercise any of the rights described in this section by accessing and completing a
<a href="https://privacyportal.onetrust.com/webform/a696b747-e5ce-4cb2-a812-21d5563c48f9/a6e2bf56-b96e-4a0a-aa61-a7b36ad806ca">Personal Data Request Form</a>.</p>
<p> </p>
<p>
<strong>Additional Information for Brazil</strong>
</p>
<p> </p>
<p>If you have any questions or comments regarding your rights under Brazil’s Lei Geral de Proteção de Dados (LGPD), please contact our Data Protection Officer. You can do this via email at
<a href="mailto:privacy@moodys.com">privacy@moodys.com</a>.</p>
<p> </p>
</div>
</div>
</div>
</div>
</div>
<div class="mdcClear"></div>
</div>
</div>
<div id="mdcMinWidthBottom">
</div>
<div id="mdcFoot">
<script src="/_layouts2/MDC/Scripts/Library/jquery.scrollTo.js?v=CV2_Patch.3.0.0-7a1a5b45-0dec-4a70-a6e8-ddc609aca340" type="text/javascript"></script>
<div id="cv2Footer" class="" style="margin-left: -312px; width: 1600px;">
<meta charset="utf-8">
<meta httpequiv="X-UA-Compatible" content="IE=edge,chrome=1">
<meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0, user-scalable=no">
<meta name="format-detection" content="telephone=no">
<meta name="WT.z_dcsid" content="dcsnolwjk100008mm6kpnhg1w_6g2c">
<meta name="WT.z_usersource" content="0">
<meta name="WT.z_pageversion" content="">
<title>Moodys.com</title>
<script>
window._digitalData = {
"pageInstanceID": "",
"user": {
"id": "000000000000000000000000000000000000"
},
"page": {
"pageInfo": {
"pageVersion": "CV1",
"language": "en",
"version": "global"
},
"contentInfo": {},
"attributes": {}
},
"event": {}
}
</script>
<script>
! function(e) {
var n = "https://s.go-mpulse.net/boomerang/";
if ("False" == "True") e.BOOMR_config = e.BOOMR_config || {}, e.BOOMR_config.PageParams = e.BOOMR_config.PageParams || {}, e.BOOMR_config.PageParams.pci = !0, n = "https://s2.go-mpulse.net/boomerang/";
if (window.BOOMR_API_key = "QUNXN-764TR-4DQ3T-HPQ97-7T3QG", function() {
function e() {
if (!o) {
var e = document.createElement("script");
e.id = "boomr-scr-as", e.src = window.BOOMR.url, e.async = !0, i.parentNode.appendChild(e), o = !0
}
}
function t(e) {
o = !0;
var n, t, a, r, d = document,
O = window;
if (window.BOOMR.snippetMethod = e ? "if" : "i", t = function(e, n) {
var t = d.createElement("script");
t.id = n || "boomr-if-as", t.src = window.BOOMR.url, BOOMR_lstart = (new Date).getTime(), e = e || d.body, e.appendChild(t)
}, !window.addEventListener && window.attachEvent && navigator.userAgent.match(/MSIE [67]\./)) return window.BOOMR.snippetMethod = "s", void t(i.parentNode, "boomr-async");
a = document.createElement("IFRAME"), a.src = "about:blank", a.title = "", a.role = "presentation", a.loading = "eager", r = (a.frameElement || a).style, r.width = 0, r.height = 0, r.border = 0, r.display = "none", i.parentNode
.appendChild(a);
try {
O = a.contentWindow, d = O.document.open()
} catch (_) {
n = document.domain, a.src = "javascript:var d=document.open();d.domain='" + n + "';void(0);", O = a.contentWindow, d = O.document.open()
}
if (n) d._boomrl = function() {
this.domain = n, t()
}, d.write("<bo" + "dy onload='document._boomrl();'>");
else if (O._boomrl = function() {
t()
}, O.addEventListener) O.addEventListener("load", O._boomrl, !1);
else if (O.attachEvent) O.attachEvent("onload", O._boomrl);
d.close()
}
function a(e) {
window.BOOMR_onload = e && e.timeStamp || (new Date).getTime()
}
if (!window.BOOMR || !window.BOOMR.version && !window.BOOMR.snippetExecuted) {
window.BOOMR = window.BOOMR || {}, window.BOOMR.snippetStart = (new Date).getTime(), window.BOOMR.snippetExecuted = !0, window.BOOMR.snippetVersion = 12, window.BOOMR.url = n + "QUNXN-764TR-4DQ3T-HPQ97-7T3QG";
var i = document.currentScript || document.getElementsByTagName("script")[0],
o = !1,
r = document.createElement("link");
if (r.relList && "function" == typeof r.relList.supports && r.relList.supports("preload") && "as" in r) window.BOOMR.snippetMethod = "p", r.href = window.BOOMR.url, r.rel = "preload", r.as = "script", r.addEventListener("load",
e), r.addEventListener("error", function() {
t(!0)
}), setTimeout(function() {
if (!o) t(!0)
}, 3e3), BOOMR_lstart = (new Date).getTime(), i.parentNode.appendChild(r);
else t(!1);
if (window.addEventListener) window.addEventListener("load", a, !1);
else if (window.attachEvent) window.attachEvent("onload", a)
}
}(), "".length > 0)
if (e && "performance" in e && e.performance && "function" == typeof e.performance.setResourceTimingBufferSize) e.performance.setResourceTimingBufferSize();
! function() {
if (BOOMR = e.BOOMR || {}, BOOMR.plugins = BOOMR.plugins || {}, !BOOMR.plugins.AK) {
var n = "" == "true" ? 1 : 0,
t = "",
a = "yisgyficcc5kwymt36wq-f-1f0d4c243-clientnsv4-s.akamaihd.net",
i = "false" == "true" ? 2 : 1,
o = {
"ak.v": "32",
"ak.cp": "144079",
"ak.ai": parseInt("198971", 10),
"ak.ol": "0",
"ak.cr": 12,
"ak.ipv": 4,
"ak.proto": "h2",
"ak.rid": "27d02cfa",
"ak.r": 31714,
"ak.a2": n,
"ak.m": "a",
"ak.n": "essl",
"ak.bpcip": "194.36.108.0",
"ak.cport": 33577,
"ak.gh": "2.16.186.167",
"ak.quicv": "",
"ak.tlsv": "tls1.3",
"ak.0rtt": "",
"ak.csrc": "-",
"ak.acc": "",
"ak.t": "1637081005",
"ak.ak": "hOBiQwZUYzCg5VSAfCLimQ==BN8UfigAhPCHa9Zo7BXWkTNhYSvNUvaGg936wW4YutweDhjiarZkp2KwH8fkahpGjchSAXO9leE/774kp1g0H+ybpguDbQVWBf57bjUuiXLnlwSDFs+dXrGCXXASdhwjyp78uFsa7pMOfm4QU0szmxZhT6iAUYDA+qkFijbepjvlM/4Aw4yyQEiUcVdqhm3CPqnOUnhRgeRkPqlXj3H7A/NHsU8vUd7G2F/7GpzcPbkdPXWKFqMNTQUrKw5kpBQb1Bobgg3+/XlvX259ASVygb0KGBQnldiKVqR5jGa1yfiT2FtBXYoFABX+e8NvXrdCCMGdrIGmNar5yNmdZyXdQmpKx/O1kAwEY/LShMjDP6YTJvPALmTLR4lMGUOdkhu0o2wkavXkaYnosbY264ay6PxQxauQtWL8wlGUJ9Sel4g=",
"ak.pv": "118",
"ak.dpoabenc": "",
"ak.tf": i
};
if ("" !== t) o["ak.ruds"] = t;
var r = {
i: !1,
av: function(n) {
var t = "http.initiator";
if (n && (!n[t] || "spa_hard" === n[t])) o["ak.feo"] = void 0 !== e.aFeoApplied ? 1 : 0, BOOMR.addVar(o)
},
rv: function() {
var e = ["ak.bpcip", "ak.cport", "ak.cr", "ak.csrc", "ak.gh", "ak.ipv", "ak.m", "ak.n", "ak.ol", "ak.proto", "ak.quicv", "ak.tlsv", "ak.0rtt", "ak.r", "ak.acc", "ak.t", "ak.tf"];
BOOMR.removeVar(e)
}
};
BOOMR.plugins.AK = {
akVars: o,
akDNSPreFetchDomain: a,
init: function() {
if (!r.i) {
var e = BOOMR.subscribe;
e("before_beacon", r.av, null, null), e("onbeacon", r.rv, null, null), r.i = !0
}
return this
},
is_complete: function() {
return !0
}
}
}
}()
}(window);
</script>
<script>
window._neptuneLabels = {
"lang": "en",
"labels": {
"add": "Add",
"all": "All",
"allSelected": "All Selected",
"cancel": "Cancel",
"startDate": "Start Date",
"endDate": "End Date",
"loading": "Loading",
"jan": "Jan",
"feb": "Feb",
"mar": "Mar",
"apr": "Apr",
"may": "May",
"jun": "Jun",
"jul": "Jul",
"aug": "Aug",
"sep": "Sep",
"oct": "Oct",
"nov": "Nov",
"dec": "Dec",
"next": "Next",
"noneSelected": "None Selected",
"off": "Off",
"ok": "Ok",
"on": "On",
"outlook": "Outlook",
"previous": "Previous",
"save": "Save",
"saved": "Saved",
"selectEllipsis": "Select...",
"selected": "Selected",
"selectAll": "Select All",
"selectDate": "Select Date",
"selectYear": "Select a year",
"to": "To",
"translation": "Translation",
"unsave": "Unsave",
"noRecord": "No record",
"asReported": "As Reported",
"adjustments": "Adjustments",
"asAdjusted": "As Adjusted",
"view": "View",
"collapseAll": "Collapse All",
"filing": "Filing",
"pagerDefaultLabel": "Items",
"displayTotal": "",
"displayOnePage": "Displaying {itemCount} {itemType}",
"displayRange": "Displaying {startIndex} to {endIndex} of {itemCount} {itemType}",
"researchModuleDssTitle": "Add to CreditView Research Documents",
"researchModuleDssText": "You may add this document to your Portfolio",
"researchModuleDssError": "The maximum number of Documents has been added.",
"researchModuleDssPurchaseMsg": "To add this Document to your CreditView Research Documents, contact Client Services for assistance. Or, {purchase} it separately using a third-party website, Alacra.",
"researchModuleDssPurchase": "purchase",
"researchModuleDssMore": "{itemCount} MORE",
"researchModuleDssAlert": "Rendering Alert Setting Page Here!",
"noMatches": "No matches",
"search": "Search",
"searchEllipsis": "Search...",
"noResults": "No results",
"chooseOptions": "Choose options",
"listBoxButtonText": "Custom Entity",
"listBoxTextboxPlaceholder": "Custom Entity Name (Optional)",
"listBoxEmptyMsg": "Select Sector and State to view Entities",
"listBoxErrorMsg": "No Entities with that criteria. Click CONFIRM or enter optional entity name above",
"listBoxsearchPlaceholder": "Type to search...",
"progressTitle": "Generating Report",
"progressMsg": "Report generation can take up to several minutes. Thank you for your patience.",
"progressErrorMsg": "Time out, Please try again",
"progressLinkMsg": "Open current page in new tab.",
"progressCountinueMsg": "To continue working."
}
}
</script>
<script src="https://cdn.cookielaw.org/scripttemplates/otSDKStub.js" type="text/javascript" charset="UTF-8" data-domain-script="c16d19ef-bf60-4dce-9d6f-8afada1cd51b">
</script>
<script type="text/javascript">
function OptanonWrapper() {}
</script>
<script>
typeof(Raven) !== "undefined" && Raven.config("//key@www.moodys.com/client-error-logger", {
captureUnhandledRejections: true,
autoBreadcrumbs: true
}).install()
</script>
<div>
<div class="row-banner"></div>
<div class="row-header">
<div class="mdc-app page-footer--widget" data-render="ready">
<script type="application/json">
{
"args": {},
"store": {
"Connect": [{
"Title": "CONNECT",
"Items": [{
"label": "@MoodysInvSvc",
"url": "https://twitter.com/MoodysInvSvc",
"target": true,
"icon": "twitter"
}, {
"label": "Moody's Corporation",
"url": "https://www.linkedin.com/company/moodys-corporation",
"target": true,
"icon": "linkedin"
}, {
"label": "The Moody's Foundation",
"url": "https://www.youtube.com/channel/UCyWqT8lrGbRqWa30c_l5iSw",
"target": true,
"icon": "youtube"
}]
}],
"ContactUs": [{
"Title": "CONTACT US",
"Items": [{
"label": "Careers",
"url": "https://careers.moodys.com",
"target": true,
"icon": ""
}, {
"label": "Help & Support",
"url": "/pages/helpsupportfaq.aspx",
"target": false
}, {
"label": "Contact Us",
"url": "/Pages/contactus.aspx"
}, {
"label": "Submit a Complaint",
"url": "/Pages/reg001009.aspx"
}]
}],
"Explore": [{
"Title": "EXPLORE",
"Items": [{
"label": "Investor Relations",
"url": "http://ir.moodys.com/home/default.aspx",
"target": true
}, {
"label": "MoodysAnalytics.com",
"url": "https://www.MoodysAnalytics.com",
"target": true,
"icon": ""
}, {
"label": "Economy.com",
"url": "https://www.economy.com",
"target": true
}, {
"label": "Sitemap",
"url": "https://www.moodys.com/sitemapindex.xml",
"target": true
}]
}],
"Footnote": "© 2021 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their affiliates and licensors. All rights reserved.",
"IntegrityHotline": {
"Title": "MOODY'S INTEGRITY HOTLINE",
"Items": [{
"area": "Via the Internet: ",
"phoneNumber": "<p><a href=\"https://moodys.ethicspoint.com/\" target=\"_blank\">https://Moodys.ethicspoint.com</a></p>\n"
}, {
"area": "By telephone from the United States: ",
"phoneNumber": "<p>Dial 1-866-330-MDYS (1-866-330-6397)</p>\n"
}, {
"area": "By telephone from outside the United States:",
"phoneNumber": "<p>Dial the <a href=\"http://www.usa.att.com/traveler/index.jsp\">AT&T Direct Dial Access®</a> code for</p>\n\n<p>your location.</p>\n\n<p>Then, at the prompt, dial 866-330-MDYS</p>\n\n<p>(866-330-6397).</p>\n"
}]
},
"TermsAndConditions": [{
"Title": "TERMS & CONDITIONS",
"Items": [{
"label": "Terms of Use",
"url": "/termsofuseinfo.aspx?lang=en&cy=global",
"target": false,
"icon": ""
}, {
"label": "Privacy Policy",
"url": "/privatepolicy.aspx?lang=en&cy=global"
}, {
"label": "Proprietary Rights",
"url": "/proprietaryrights.aspx?lang=en&cy=global"
}, {
"label": "Regulatory Affairs",
"url": "/Pages/reg001001.aspx"
}, {
"label": "Moody's Code of Professional Conduct",
"url": "/uploadpage/Mco Documents/SP11557_MIS Code of Professional Conduct.pdf"
}]
}],
"RegionalSites": [{
"link": "/",
"key": "8",
"text": "Global",
"selected": true
}, {
"link": "https://www.moodyslocal.com/country/ar",
"key": "10",
"text": "Argentina",
"selected": false
}, {
"link": "/pages/default_as.aspx",
"key": "11",
"text": "Asia",
"selected": true
}, {
"link": "/pages/default_au.aspx",
"key": "12",
"text": "Australia",
"selected": true
}, {
"link": "https://www.moodyslocal.com/country/bo",
"key": "13",
"text": "Bolivia",
"selected": false
}, {
"link": "https://www.moodyslocal.com/country/br",
"key": "3",
"text": "Brazil",
"selected": false
}, {
"link": "/pages/default_ce.aspx",
"key": "16",
"text": "CEE",
"selected": true
}, {
"link": "/pages/default_ee.aspx",
"key": "18",
"text": "CIS",
"selected": false
}, {
"link": "/pages/default_ca.aspx",
"key": "15",
"text": "Canada",
"selected": true
}, {
"link": "/pages/default_ch.aspx",
"key": "7",
"text": "China",
"selected": false
}, {
"link": "/pages/default_cz.aspx",
"key": "31",
"text": "Czech Republic",
"selected": false
}, {
"link": "/pages/default_em.aspx",
"key": "29",
"text": "EMEA",
"selected": true
}, {
"link": "/pages/default_fr.aspx",
"key": "19",
"text": "France",
"selected": false
}, {
"link": "/pages/default_de.aspx",
"key": "17",
"text": "Germany",
"selected": false
}, {
"link": "http://www.moodys.co.in",
"key": "20",
"text": "India",
"selected": true
}, {
"link": "http://www.moodysindonesia.com",
"key": "21",
"text": "Indonesia",
"selected": true
}, {
"link": "/pages/default_it.aspx",
"key": "6",
"text": "Italy",
"selected": false
}, {
"link": "/pages/default_ja.aspx",
"key": "23",
"text": "Japan",
"selected": false
}, {
"link": "/Pages/default_ko.aspx",
"key": "24",
"text": "Korea",
"selected": false
}, {
"link": "/Pages/default_mx.aspx",
"key": "2",
"text": "Mexico",
"selected": false
}, {
"link": "/pages/default_me.aspx",
"key": "25",
"text": "Middle East",
"selected": true
}, {
"link": "https://www.moodyslocal.com/country/pa",
"key": "36",
"text": "Panama",
"selected": false
}, {
"link": "https://www.moodyslocal.com/country/pe",
"key": "33",
"text": "Peru",
"selected": false
}, {
"link": "/pages/default_pl.aspx",
"key": "32",
"text": "Poland",
"selected": false
}, {
"link": "https://www.moodys.com/researchandratings/region/asia-pacific/singapore/042058",
"key": "35",
"text": "Singapore",
"selected": true
}, {
"link": "/pages/default_sa.aspx",
"key": "30",
"text": "South Africa",
"selected": true
}, {
"link": "https://www.moodys.com/researchandratings/region/asia-pacific/south-korea/042083",
"key": "34",
"text": "South Korea",
"selected": false
}, {
"link": "/pages/default_es.aspx",
"key": "9",
"text": "Spain",
"selected": false
}, {
"link": "/pages/default_tw.aspx",
"key": "26",
"text": "Taiwan, China",
"selected": false
}, {
"link": "/pages/default_tu.aspx",
"key": "27",
"text": "Turkey",
"selected": false
}, {
"link": "http://www.moodyslocal.com.uy",
"key": "28",
"text": "Uruguay",
"selected": false
}],
"locale": {
"language": "en",
"resource": {
"cmsLabels": {
"homeLabel": "HOME",
"trendingLabel": "TRENDING",
"trendingTopics": "TRENDING TOPICS",
"highlightedTopics": "HIGHLIGHTED TOPICS",
"viewAllTopics": "VIEW ALL TOPICS",
"mostViewedIssuers": "MOST VIEWED ISSUERS",
"regionalSite": "Regional Sites",
"cookieSetting": "Cookie Settings"
}
}
}
}
}
</script>
<style data-styled="true" data-styled-version="5.0.1">
.kyhncT {
color: #fff;
font-size: 1.2em;
position: relative;
display: inline-block;
top: 1px;
font-family: 'Neptune-iconfont' !important;
font-style: normal;
font-weight: 400;
line-height: 1;
font-variant: normal;
text-transform: none;
-webkit-font-smoothing: antialiased;
-moz-osx-font-smoothing: grayscale;
}
.kyhncT:hover {
color: #7f7f7f;
}
.kyhncT::before {
content: '\E05F';
}
.gBCYJQ {
color: #fff;
font-size: 1.2em;
position: relative;
display: inline-block;
top: 1px;
font-family: 'Neptune-iconfont' !important;
font-style: normal;
font-weight: 400;
line-height: 1;
font-variant: normal;
text-transform: none;
-webkit-font-smoothing: antialiased;
-moz-osx-font-smoothing: grayscale;
}
.gBCYJQ:hover {
color: #7f7f7f;
}
.gBCYJQ::before {
content: '\E03C';
}
.fHVCmr {
color: #fff;
font-size: 1.2em;
position: relative;
display: inline-block;
top: 1px;
font-family: 'Neptune-iconfont' !important;
font-style: normal;
font-weight: 400;
line-height: 1;
font-variant: normal;
text-transform: none;
-webkit-font-smoothing: antialiased;
-moz-osx-font-smoothing: grayscale;
}
.fHVCmr:hover {
color: #7f7f7f;
}
.fHVCmr::before {
content: '\E06A';
}
.ewUonU {
color: #191919;
font-size: 16px;
position: relative;
display: inline-block;
top: 1px;
font-family: 'Neptune-iconfont' !important;
font-style: normal;
font-weight: 400;
line-height: 1;
font-variant: normal;
text-transform: none;
-webkit-font-smoothing: antialiased;
-moz-osx-font-smoothing: grayscale;
}
.ewUonU:hover {
color: #7f7f7f;
}
.ewUonU::before {
content: '\E011';
}
data-styled.g3[id="StyledComponents__StyledIcon-sc-1kamqeu-0"] {
content: "kyhncT,gBCYJQ,fHVCmr,ewUonU,"
}
.Mqlts {
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 600;
font-size: 10px;
line-height: 14px;
color: #191919;
color: #fff;
false;
false;
false;
false;
false;
}
.Mqlts:lang(zh-cn),
.Mqlts:lang(ja) {
font-size: 11px;
}
.dqGFbc {
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 600;
font-size: 9px;
-webkit-letter-spacing: 0.5px;
-moz-letter-spacing: 0.5px;
-ms-letter-spacing: 0.5px;
letter-spacing: 0.5px;
color: #191919;
text-transform: uppercase;
color: #fff;
false;
false;
false;
false;
false;
}
.dqGFbc:lang(zh-cn),
.dqGFbc:lang(ja) {
font-size: 10px;
}
.iEVvmE {
-webkit-undefined;
-ms-flex-undefined;
undefined;
-webkit-undefined;
-ms-flex-undefined;
undefined;
false;
false;
false;
false;
false;
}
.fazLjb {
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 600;
font-size: 9px;
-webkit-letter-spacing: 0.5px;
-moz-letter-spacing: 0.5px;
-ms-letter-spacing: 0.5px;
letter-spacing: 0.5px;
color: #191919;
text-transform: uppercase;
-webkit-undefined;
-ms-flex-undefined;
undefined;
false;
false;
false;
false;
false;
}
.fazLjb:lang(zh-cn),
.fazLjb:lang(ja) {
font-size: 10px;
}
data-styled.g27[id="StyledComponents__StyledLabel-n84ura-0"] {
content: "Mqlts,dqGFbc,iEVvmE,fazLjb,"
}
.bzKVJ {
-webkit-text-decoration: none;
text-decoration: none;
outline: 0;
cursor: pointer;
color: #0028a0;
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-size: 12px;
font-weight: 400;
-webkit-letter-spacing: 0;
-moz-letter-spacing: 0;
-ms-letter-spacing: 0;
letter-spacing: 0;
}
.bzKVJ:focus,
.bzKVJ:hover {
-webkit-text-decoration: underline;
text-decoration: underline;
}
data-styled.g82[id="StyledComponents__StyledLink-lxagya-0"] {
content: "bzKVJ,"
}
.fpYUah {
position: relative;
}
.tWEPH {
border: 1px solid #ababab;
background: #fff;
position: relative;
box-sizing: border-box;
padding: 6px 6px 6px 10px;
width: 100%;
width: 170px;
height: 28px;
overflow: hidden;
display: block;
white-space: normal;
cursor: pointer;
z-index: 1;
font-family: "HCo Whitney SSm", Helvetica, Arial, sans-serif;
font-weight: 400;
font-size: 12px;
line-height: 16px;
color: #191919;
}
undefined .tWEPH:hover,
.tWEPH:focus {
outline: none;
}
data-styled.g100[id="StyledComponents__StyledDiv-sc-10i4wrm-0"] {
content: "eARYqb,fpYUah,tWEPH,"
}
.ifqzSI {
float: left;
text-overflow: ellipsis;
overflow: hidden;
white-space: nowrap;
}
.bxtZhO {
position: absolute;
right: 5px;
}
data-styled.g101[id="StyledComponents__StyledSpan-sc-10i4wrm-1"] {
content: "ifqzSI,bxtZhO,"
}
</style>
<div class="w">
<div class="footer-navigation">
<div class="cb-grid" data-nep="Grid">
<style>
.cb-row:after,
.cb-col:after {
content: '';
display: block;
height: 0;
visibility: hidden;
clear: both;
}
.cb-row {
margin-left: auto;
margin-right: auto;
width: 100%;
}
.cb-col {
box-sizing: border-box;
-ms-box-sizing: border-box;
-moz-box-sizing: border-box;
width: 100%;
max-width: 100%;
float: left;
min-height: 1px;
}
.cb-col {
padding-left: 15px;
padding-right: 15px;
}
.cb-col .cb-row {
margin-left: -15px;
margin-right: -15px;
width: auto;
}
</style>
<div class="cb-row top-block" style="max-width:1440px">
<div class="cb-col foot-navigation-colume" style="width:25%">
<div class="integrity-hotline">
<div class="hotline-title"><span class="StyledComponents__StyledLabel-n84ura-0 Mqlts" data-nep="Label">MOODY'S INTEGRITY HOTLINE</span></div>
<div class="hotline-item"><span class="StyledComponents__StyledLabel-n84ura-0 dqGFbc hotline-item-title" data-nep="Label">Via the Internet: </span>
<div class="hotline-item-text">
<p><a href="https://moodys.ethicspoint.com/" target="_blank">https://Moodys.ethicspoint.com</a></p>
</div>
</div>
<div class="hotline-item"><span class="StyledComponents__StyledLabel-n84ura-0 dqGFbc hotline-item-title" data-nep="Label">By telephone from the United States: </span>
<div class="hotline-item-text">
<p>Dial 1-866-330-MDYS (1-866-330-6397)</p>
</div>
</div>
<div class="hotline-item"><span class="StyledComponents__StyledLabel-n84ura-0 dqGFbc hotline-item-title" data-nep="Label">By telephone from outside the United States:</span>
<div class="hotline-item-text">
<p>Dial the <a href="http://www.usa.att.com/traveler/index.jsp">AT&T Direct Dial Access®</a> code for</p>
<p>your location.</p>
<p>Then, at the prompt, dial 866-330-MDYS</p>
<p>(866-330-6397).</p>
</div>
</div>
</div>
</div>
<div class="cb-col foot-navigation-colume" style="width:18.75%">
<div class="item-container"><span class="title StyledComponents__StyledLabel-n84ura-0 jQwRTa" data-nep="Label">TERMS & CONDITIONS</span>
<div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||TermsOfUse|Terms of Use" data-nep="Link" href="/termsofuseinfo.aspx?lang=en&cy=global" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Terms of Use</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||PrivacyPolicy|Privacy Policy" data-nep="Link" href="/privatepolicy.aspx?lang=en&cy=global" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Privacy Policy</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||ProprietaryRights|Proprietary Rights" data-nep="Link" href="/proprietaryrights.aspx?lang=en&cy=global" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Proprietary Rights</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||RegulatoryAffairs|Regulatory Affairs" data-nep="Link" href="/Pages/reg001001.aspx" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Regulatory Affairs</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Moody'sCodeOfProfessionalConduct|Moody's Code of Professional Conduct" data-nep="Link" href="/uploadpage/Mco Documents/SP11557_MIS Code of Professional Conduct.pdf" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Moody's Code of Professional Conduct</span></a>
</div>
</div>
<a data-nep="Link" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0" role="button"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Cookie Settings</span></a>
</div><button id="ot-sdk-btn" class="ot-sdk-show-settings" type="button" style="display:none">Cookies Settings</button>
</div>
<div class="cb-col foot-navigation-colume" style="width:18.75%">
<div class="item-container"><span class="title StyledComponents__StyledLabel-n84ura-0 jQwRTa" data-nep="Label">CONTACT US</span>
<div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Careers|Careers" data-nep="Link" href="https://careers.moodys.com" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Careers</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Help&Support|Help & Support" data-nep="Link" href="/pages/helpsupportfaq.aspx" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Help & Support</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||ContactUs|Contact Us" data-nep="Link" href="/Pages/contactus.aspx" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Contact Us</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||SubmitAComplaint|Submit a Complaint" data-nep="Link" href="/Pages/reg001009.aspx" target="_self" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Submit a Complaint</span></a>
</div>
</div>
</div>
</div>
<div class="cb-col foot-navigation-colume" style="width:18.75%">
<div class="item-container"><span class="title StyledComponents__StyledLabel-n84ura-0 jQwRTa" data-nep="Label">EXPLORE</span>
<div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||InvestorRelations|Investor Relations" data-nep="Link" href="http://ir.moodys.com/home/default.aspx" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Investor Relations</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Moodysanalytics.com|MoodysAnalytics.com" data-nep="Link" href="https://www.MoodysAnalytics.com" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">MoodysAnalytics.com</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Economy.com|Economy.com" data-nep="Link" href="https://www.economy.com" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Economy.com</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Sitemap|Sitemap" data-nep="Link" href="https://www.moodys.com/sitemapindex.xml" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Sitemap</span></a>
</div>
</div>
</div>
</div>
<div class="cb-col foot-navigation-colume" style="width:18.75%">
<div class="item-container"><span class="title StyledComponents__StyledLabel-n84ura-0 jQwRTa" data-nep="Label">CONNECT</span>
<div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||@moodysinvsvc|@MoodysInvSvc" data-nep="Link" href="https://twitter.com/MoodysInvSvc" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span data-nep="Icon" name="twitter" color="WHITE" class="item-icon StyledComponents__StyledIcon-sc-1kamqeu-0 btquhF"></span><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">@MoodysInvSvc</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||Moody'sCorporation|Moody's Corporation" data-nep="Link" href="https://www.linkedin.com/company/moodys-corporation" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span data-nep="Icon" name="linkedin" color="WHITE" class="item-icon StyledComponents__StyledIcon-sc-1kamqeu-0 iAyGEr"></span><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">Moody's Corporation</span></a>
</div>
<div>
<a data-analytics-link="Footer|Txt|FNV|||TheMoody'sFoundation|The Moody's Foundation" data-nep="Link" href="https://www.youtube.com/channel/UCyWqT8lrGbRqWa30c_l5iSw" target="_blank" class="item-link StyledComponents__StyledLink-lxagya-0 fyfRaO" tabindex="0"><span data-nep="Icon" name="youtube" color="WHITE" class="item-icon StyledComponents__StyledIcon-sc-1kamqeu-0 hrGMaB"></span><span class="item-text StyledComponents__StyledLabel-n84ura-0 jVLjvk" data-nep="Label">The Moody's Foundation</span></a>
</div>
</div>
</div>
</div>
</div>
<div class="cb-row center-block" style="max-width:1440px">
<div class="cb-col separate" style="width:62.5%">
<div><a class="logo" style="background-image:url(/images/Moodyslogo.svg)"></a></div>
</div>
<div class="cb-col fr" style="width:18.75%"><span class="StyledComponents__StyledLabel-n84ura-0 fazLjb region-site-text" data-nep="Label">Regional Sites:</span></div>
<div class="cb-col fr" style="width:18.75%">
<div class="regional-sites-container">
<div data-nep="Dropdown" class="StyledComponents__StyledDiv-sc-10i4wrm-0 eARYqb">
<div class="StyledComponents__StyledDiv-sc-10i4wrm-0 fpYUah">
<div class="StyledComponents__StyledDiv-sc-10i4wrm-0 tWEPH" style="min-width:100%;width:100%" tabindex="0"><span style="width:100%" data-at="value"
class="StyledComponents__StyledSpan-sc-10i4wrm-1 ifqzSI"><span>Global</span></span><span data-at="field-icon" class="StyledComponents__StyledSpan-sc-10i4wrm-1 bxtZhO"><span name="caret-down" data-nep="Icon"
class="StyledComponents__StyledIcon-sc-1kamqeu-0 ewUonU"></span></span></div>
</div>
</div>
</div>
</div>
</div>
<div class="cb-row seperator-block" style="max-width:1440px">
<div class="cb-col" style="width:100%">
<div class="seperator"></div>
</div>
</div>
<div class="cb-row bottom-block" style="max-width:1440px">
<div class="cb-col foot-note" style="width:100%"><span class="StyledComponents__StyledLabel-n84ura-0 iEVvmE text" data-nep="Label">© 2021 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their affiliates and
licensors. All rights reserved.</span></div>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="page-root main-container">
<div class="row-top"></div>
<div class="cb-grid">
<div class="cb-row width-row">
<div class="cb-col ">
<div id="pjax-container">
<div class="row-middle">
<div></div>
</div>
</div>
</div>
</div>
</div>
<div class="row-bottom"></div>
</div>
<div class="row-footer"></div>
</div>
<script type="text/javascript" src="/global/assets/mdc-global-widgets-9e5312b4bf.js"></script>
<script id="adobeDTMScript" type="text/javascript" src="//assets.adobedtm.com/launch-ENb743b986cb7b4bed811b092db7c593ab.min.js" async=""></script>
<!--BEGIN QUALTRICS SITE INTERCEPT-->
<script type="text/javascript">
(function() {
var g = function(e, h, f, g) {
this.get = function(a) {
for (var a = a + "=", c = document.cookie.split(";"), b = 0, e = c.length; b < e; b++) {
for (var d = c[b];
" " == d.charAt(0);) d = d.substring(1, d.length);
if (0 == d.indexOf(a)) return d.substring(a.length, d.length)
}
return null
};
this.set = function(a, c) {
var b = "",
b = new Date;
b.setTime(b.getTime() + 6048E5);
b = "; expires=" + b.toGMTString();
document.cookie = a + "=" + c + b + "; path=/; "
};
this.check = function() {
var a = this.get(f);
if (a) a = a.split(":");
else if (100 != e) "v" == h && (e = Math.random() >= e / 100 ? 0 : 100), a = [h, e, 0], this.set(f, a.join(":"));
else return !0;
var c = a[1];
if (100 == c) return !0;
switch (a[0]) {
case "v":
return !1;
case "r":
return c = a[2] % Math.floor(100 / c), a[2]++, this.set(f, a.join(":")), !c
}
return !0
};
this.go = function() {
if (this.check()) {
var a = document.createElement("script");
a.type = "text/javascript";
a.src = g + "&t=" + (new Date()).getTime();
document.body && document.body.appendChild(a)
}
};
this.start = function() {
var a = this;
window.addEventListener ? window.addEventListener("load", function() {
a.go()
}, !1) : window.attachEvent && window.attachEvent("onload", function() {
a.go()
})
}
};
try {
(new g(100, "r", "QSI_S_ZN_6MwgPzuyxmDNF5j", "//zn6mwgpzuyxmdnf5j-moodys.siteintercept.qualtrics.com/WRSiteInterceptEngine/?Q_ZID=ZN_6MwgPzuyxmDNF5j&Q_LOC=" + encodeURIComponent(window.location.href))).start()
} catch (i) {}
})();
</script>
<div id="ZN_6MwgPzuyxmDNF5j"><!--DO NOT REMOVE-CONTENTS PLACED HERE--></div>
<!--END SITE INTERCEPT-->
<script type="text/javascript">
(function() {
if (typeof window.__REACT_DEVTOOLS_GLOBAL_HOOK__ === "object") {
var source = Object.keys(window.__REACT_DEVTOOLS_GLOBAL_HOOK__);
for (var idx in source) {
var key = source[idx];
var value = window.__REACT_DEVTOOLS_GLOBAL_HOOK__[key];
window.__REACT_DEVTOOLS_GLOBAL_HOOK__[key] = typeof value == "function" ? function() {} : null;
}
}
}());
</script>
<script type="text/javascript">
(function() {
"use strict";
var setPageBottom = function() {
typeof(_satellite) !== "undefined" && _satellite.pageBottom();
if (window.digitalData) window.digitalData.pageInstanceID = Date.now();
};
if (window.addEventListener) window.addEventListener("load", setPageBottom, false);
else if (window.attachEvent) window.attachEvent("onload", setPageBottom);
})();
</script>
<script type="text/javascript">
(function() {
var walkme = document.createElement('script');
walkme.type = 'text/javascript';
walkme.async = true;
walkme.src = 'https://cdn.walkme.com/users/36f591a9492644f5ba7a0d42ed1aa7b5/walkme_36f591a9492644f5ba7a0d42ed1aa7b5_https.js';
document.body.appendChild(walkme);
window._walkmeConfig = {
smartLoad: true
};
})();
</script>
<script src="/_layouts2/Mdc/Scripts/Global/webtrends.js?v=CV2_Patch.3.0.0-7a1a5b45-0dec-4a70-a6e8-ddc609aca340" type="text/javascript"></script>
<meta name="WT.z_useragent" content="unknown;Chrome: 95.0.4638.54">
</div>
<script>
function adjustFooterWidth() {
if ($(".mdcTopPopupMsg").length > 0) {
var margin = -(document.body.clientWidth - 986) / 2;
if (margin < 0) {
$("#cv2Footer").css("margin-left", margin - 5);
} else {
$("#cv2Footer").css("margin-left", 0);
}
} else {
$("#cv2Footer").css("margin-left", -5);
}
$("#cv2Footer").css("width", document.body.clientWidth);
$("#cv2Footer").removeClass("mdcHide");
}
adjustFooterWidth();
$(window).resize(function() {
adjustFooterWidth();
});
</script>
</div>
</div>
<div class="mdcClear"></div>
</div>
</form>Text Content
Yes No
Moodys.com
Terms of Use
REGULATORY AFFAIRS
.
SUSTAINABILITY
.
DIVERSITY, EQUITY & INCLUSION
CAREERS
.
ABOUT US
.
CONTACT US
Search ratings, research, analysts, and more...
HOMETRENDINGREPORTSSECTORS & REGIONSRatings & AssessmentsTools & DataEVENTS &
TRAINING
LOG IN
Please Note
We brought you to this page based on your search query. If this isn't what you
are looking for, you can continue to Search Results for ""
The maximum number of items you can export is 3,000. Please reduce your list by
using the filtering tool to the left.
Close
CONTACT US
Americas Client Desk
+1-212-553-1653
clientservices@moodys.com
EMEA Client Desk
+44-20-7772-5454
clientservices@moodys.com
Asia Pacific Client Desk
+852-3551-3077
clientservices@moodys.com
Japan Client Desk
+81-3-5408-4100
clientservices@moodys.com
Back to Previous Page
Privacy Policy
Language: 简体中文 繁體中文 Čeština English Français Deutsch Italiano 日本語 한국어 Polski
Português Pyccĸий Español Español (Argentina) Tϋrkçe
LAST UPDATED: November 4, 2020
Moody’s respects and values your privacy. This Privacy Policy explains how we
collect your Personal Data (defined below) on those web sites of Moody’s that
post or link directly to this Privacy Policy (collectively, the “Site”) and
through offline means, how we use, disclose, and protect such data, and the
choices you have concerning our use of such data. Please read this Privacy
Policy carefully. Moody’s may from time to time update this Privacy Policy. Any
changes to this Privacy Policy will become effective when we post or link to the
revised Privacy Policy on the Site. Please review the “Last Updated” legend at
the top of this page to determine when this Privacy Policy was most recently
revised.
For the purposes of this Privacy Policy, “Moody’s”, "we", "us", and "our" means
Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and their affiliates. A
complete list of Moody’s group affiliates is available at
www.moodys.com/MoodysGroupAffiliates.
You do not have to provide us with any Personal Data to visit the Site. However,
if you choose to withhold requested information, you may not be able to visit
all sections or use all features of the Site.
This Privacy Policy shall also apply to any Moody’s mobile application and other
forms of Moody’s online activity that reference this Privacy Policy. In such
instances, the term “Site” shall include the applicable mobile application or
other Moody’s online activity whenever that term is used herein. In connection
with your use of any Moody’s mobile application, your Personal Data (and Other
Data, as described below) may also be collected and used by your mobile device
manufacturer, the mobile application store from which you obtained the Moody’s
mobile application, your telecommunication provider, or other third parties
involved in the delivery of the application or data to your mobile device, and
such collection and use shall be subject to the privacy policy of the applicable
third party. Moody’s is not responsible for any third party’s privacy
practices.
Types of Data Collected
We gather Personal Data and Other Data (as described below).
Collection of Personal Data
Personal data is information that identifies you or can be used to identify or
contact you, e.g., your name, email address, address, or phone number ("Personal
Data"). We may need to collect and process Personal Data in order to provide
requested information, products or services to you (including the Site) or
because we are legally required to do so.
• Moody’s requests Personal Data from you if the Site requires registration.
The registration process requests that you provide Personal Data, such as your
name, business email address, business address or country/jurisdiction location,
business phone number, and company affiliation, and agree to the User Agreement
presented at the time of registration.
• Moody’s may receive Personal Data from social media platforms. For example,
if you elect to use your social media credentials to log-in to your Site
account, certain Personal Data from your social media account will be shared
with us, which may include Personal Data that is part of your social media
profile.
• Moody’s may collect Personal Data voluntarily provided by you, including in
emails, online forms, order and registration forms, surveys, promotion
participation, online chats, phone calls , and through other means.
• Moody’s may request Personal Data from our customers to comply with
applicable anti-money laundering laws and other applicable laws.
• On some of Moody’s Sites, including www.moodys.com, you are able to
maintain "portfolios," where, if you are a registered user, you have the option
to list financial instruments in which you have a special interest. To be
useful, this information must be stored on the Site, and is accessible to anyone
with whom you share your username and password. For this reason, please
safeguard your username and password carefully and do not disclose them to any
other person.
• We may use third-party payment services (each, a "Payment Service") to
collect payments made through the Site. If you wish to make a payment through
the Site, you may be directed to a webpage that is hosted by a Payment Service
(or a Payment Service's service providers) and not by Moody’s. Any Personal Data
that you provide through a Payment Service page will be collected by the Payment
Service and not by Moody’s, and will be subject to Payment Service's privacy
policy, rather than this Privacy Policy. Moody’s has no control over, and is not
responsible for, a Payment Service's use of information collected through a
Payment Service page.
• Moody’s collects information through various other means, including
searches online, participation at conferences and events, individual
introductions, from employers that enroll their employees in our services, and
from selected third-party business partners. From time to time, we may also
acquire from third parties certain lists containing the names and contact
information of individuals who may be interested in our products and services.
Use of Personal Data Collected
We use Personal Data for legitimate business purposes, including the following:
• Fulfillment of Requests. Moody’s may use Personal Data about you to
deliver products and services to you, and to provide you with information about
products and services you’ve ordered. We will engage in these activities to
manage our contractual relationship with you and to fulfil our contractual
obligations.
• Marketing Communications. From time to time, we may use Personal Data
about you to inform you of products, programs, services and promotions that we
believe may be of interest to you. If your employer is a Moody’s customer, we
may also inform you of such products, programs, services and promotions using
Personal Data about you that your employer provided to Moody’s. We may also use
Personal Data of media contacts for press release distribution or sharing other
newsworthy developments related to our business activities. If you would prefer
that we not send electronic marketing messages to you, please see the "Your
Choices" section below.
• Promotions. We may operate sweepstakes, contests and similar promotions
(collectively, "Promotions"). If you choose to enter Moody’s Promotions, we may
require certain Personal Data when you enter and, if applicable, win a
Promotion. You should carefully review the rules of each Promotion in which you
participate, as they may contain additional important information about our use
of Personal Data about you. To the extent that the terms and conditions of such
rules concerning the treatment of your Personal Data conflict with this Privacy
Policy, the terms and conditions of such rules shall control. We will use this
information to operate the Promotions.
• Other Business Purposes. We may also use Personal Data about you for other
business purposes, such as data analysis (for example, to improve the efficiency
of our services), editorial and feedback purposes, providing customer support,
customizing and improving the content and layout of the Site, completing
business transactions (for example, to confirm content requested is received by
customers), development and delivery of marketing and promotion plans and
materials, statistical analysis of user behavior (for example, to understand
what parts of the Site are of most interest to users), product development,
conducting surveys and market research, and administering individual accounts.
• Administrative Communications. Moody’s reserves the right to use Personal
Data to send to you important information regarding the Site, products,
services, your account status, the User Agreement, this Privacy Policy, or any
other policies, agreements or transactions relevant to your use of the Site,
products and/or services. Because this information may be important to your use
of the Site, products and/or services, you may not opt-out of receiving such
communications. We will engage in this activity to manage our contractual
relationship with you and/or to comply with a legal obligation.
• Compliance with law and regulation. We may use Personal Data as necessary
to comply with applicable legal and regulatory requirements such as sales tax
collection, audits, etc.
• Where required by applicable law, we will only use Personal Data with your
consent.
Collection and Use of Other Data
We and our service providers may also collect and use the following types of
data, referred to in this Privacy Policy as “Other Data”:
• Monitoring Data. Moody’s and its service providers may collect and/or track
other information such as demographic information, domain names, computer type,
browser types, screen resolution, and other statistical data involving the use
of the Site ("Monitoring Data"). We use Monitoring Data to help us understand
who uses the Site and to improve and market it, as well as our other web sites
and services.
Unless combined with Personal Data, Monitoring Data does not personally identify
you or any other user, and we may use it for any purpose.
• Aggregated Data. We may aggregate Personal Data in a manner such that the
end-product does not personally identify you or any other user of the Site, for
example, by using information to calculate the percentage of our users who have
a particular telephone area code. Such aggregate information may also be used
for any purpose.
• Cookies. To enhance the Internet experience on the Site, Moody's and our
service providers may use ‘cookies’ on the Site. Cookies are data that a web
server transfers to an individual's computer for recordkeeping and other
purposes. We use cookies and other technologies to facilitate users' ongoing
access to and use of our Site. If you do not want information collected through
the use of cookies, there is a simple procedure in most browsers that allows you
to automatically decline cookies, or to be given the choice of declining or
accepting the transfer of a particular cookie, or cookies from a particular web
site, to your computer. If cookies are disabled, however, all features of the
Site may not operate as intended. Information about disabling cookies can be
found on your Internet browser provider’s web site.
The Site may have a Cookie Policy that applies to its use of cookies and other
similar tracking technologies. If it does, then the Cookie Policy will apply in
addition to this Privacy Policy.
• Tools.
o We and our service providers may also use various common Internet tools
such as 'pixel tags,' ‘action tags,’ ‘web beacons,’ ‘.gif tags,’ 'JavaScript' or
similar technologies (together, "Tools") in connection with Site pages and email
messages in certain formats to, among other things, track the actions of Site
users and email recipients, to determine the success of marketing campaigns and
to compile statistics about Site usage and response rates. Tools allow us to
count users who have visited certain pages of the Site, to deliver services, and
to help determine the effectiveness of promotional or advertising campaigns.
When used in email messages in certain formats, Tools can tell the sender
whether and when the email has been opened.
o Moody’s uses cookies and Tools to understand how the Site is used and to
customize and enhance the Internet experience of individual users. When you
revisit the Site, Moody’s may recognize you by a Tool and customize your
experience. For example, once you have completed the registration process, a
cookie and/or Tool will be used to avoid having you register again. We believe
cookies and Tools add value to the user experience.
o We may use Google Analytics, which uses cookies and other similar
technologies, to collect and analyze information about Site use and to report on
activities and trends. The service may also collect information regarding the
use of other websites, apps and online resources. You can learn about Google’s
practices by going to https://policies.google.com/privacy/partners, and opt out
of them by downloading the Google Analytics opt-out browser add-on, available at
https://tools.google.com/dlpage/gaoptout.
o We do not respond to browser do-not-track signals at this time.
• Verification. We may use third-party services to verify that you are a
human user. Any information collected as part of such verification is subject to
the privacy policy of the third-party service provider.
• IP Addresses. When you visit and interact with the Site, we and our
third-party service providers may collect Internet Protocol (IP) addresses.
Your IP address is a number that is automatically assigned to the computer that
you are using by your Internet Service Provider (ISP). This number is
identified and logged automatically in our server log files whenever you visit
the Site, along with the time(s) of your visit(s) and the page(s) that you
visited. We use IP addresses to understand how the Site is used by our users,
to improve the Site and to enhance user experience of the Site. We may also
derive your approximate location from your IP address.
If we are required to treat Other Data as Personal Data under applicable law,
then we may use and disclose it for the purposes described above, as well as for
the purposes for which we use and disclose Personal Data as detailed in this
Privacy Policy.
Our Advertising
We may use third-party advertising companies to serve advertisements regarding
products and services that may be of interest to you when you access and use the
Site, our apps and other websites or online services, based on information
relating to your access to and use of the Site and other websites or online
services on any of your devices, as well as on information received from third
parties. To do so, these companies may place or recognize a unique cookie on
your browser (including through the use of pixel tags). They may also use these
technologies, along with information they collect about your online use, to
recognize you across the devices you use, such as a mobile phone and a laptop.
If you would like more information about this practice, and to learn how to opt
out of it in desktop and mobile browsers on the particular device on which you
are accessing this Privacy Policy, please visit http://optout.aboutads.info/#/
and http://optout.networkadvertising.org/#/ . You may download the AppChoices
app at www.aboutads.info/appchoices to opt out of this practice in mobile apps.
Disclosure of Personal Data Collected
We may disclose Personal Data for the following purposes:
• Third-Party Service Providers. We may provide Personal Data to third-party
service providers, who provide services to us, including but not limited to,
data analysis, order fulfillment, payment processing, and other services.
• Affiliate Communications. Moody’s may transfer Personal Data among our
affiliates (a list of which is available at www.moodys.com/Affiliates_of_Moodys)
to allow our affiliates to contact you regarding products, programs, services
and promotions that they believe may be of interest to you, and such affiliates
may otherwise use your Personal Data in accordance with the privacy policy
applicable to them as specified in the referenced above in this bullet. If you
would prefer not to receive marketing communications from Moody’s or our
affiliates, please see the "Your Choices" section below. Moody’s Corporation
will be the party responsible for jointly used Personal Data.
• Strategic Partners and Co-Branded Sites. From time to time, we may enter
into a special relationship with another company that is not owned by or
affiliated with Moody’s to provide or promote joint products, services,
applications, or features (together, “Jointly Offered Items”). These special
relationships may include co-branded web sites (“co-branded pages”). Any
information, including Personal Data, that you provide in connection with one of
these Jointly Offered Items, and/or on one of these co-branded pages, will be
shared with our third-party partners. You should check these third parties’ web
sites for information regarding their privacy practices. PLEASE NOTE THAT THIS
PRIVACY STATEMENT DOES NOT ADDRESS THE PRIVACY OR INFORMATION PRACTICES OF ANY
THIRD PARTIES. If you do not want Personal Data about you shared with such
third parties, please do not provide Personal Data in connection with the
Jointly Offered Items and/or co-branded pages.
• Third-Party Data Providers. If you subscribe to a Moody’s product or
service that contains third-party data, we may be required to provide your
Personal Data to the third party as part of our reporting obligations. We will
only do so if a third-party data provider conditions your receipt of their data
on knowing your identity.
• Conferences and Events. When you attend a conference or event organized by
Moody’s, your name and contact information may be shared with other attendees
and co-hosts of the conference or event.
• Promotions. We may share the Personal Data you provide in connection with
Promotions with third-party sponsors of such Promotions (irrespective of whether
such Promotions are hosted by us), or otherwise in accordance with the rules
applicable to those Promotions.
• Assignment. We may disclose or transfer any and all Personal Data that we
collect to an affiliated entity or a third party (and their respective advisors)
in the event of any reorganization, merger, sale, joint venture, assignment,
transfer or other disposition of all or any portion of our business, assets or
stock (including without limitation in connection with any bankruptcy or similar
proceedings).
• Law Enforcement; Emergencies; Compliance. We may use and disclose Personal
Data about you to others as we believe to be appropriate: (a) in compliance with
laws, rules, or regulations in any country in which Moody’s operates, including
laws outside your country of residence; (b) to comply with legal process; (c) to
respond to requests from government or public authorities, including government
and public authorities outside your country of residence; (d) to enforce our
Terms of Use; (e) to protect our operations or those of any affiliated entities;
(f) to protect the rights, privacy, safety or property of Moody’s, its
affiliated entities, you, or others; and (g) to permit us to pursue available
remedies or limit the damages that we may sustain. For example, we may, to the
fullest extent the law allows, disclose Personal Data about you to law
enforcement agencies to assist them in identifying individuals who have been or
may be engaged in unlawful activities.
If you would like to receive more information on the third parties with whom we
share your Personal Data, please contact us by using the information provided in
the “Contact Information for Moody’s” section below.
Your Choices
We give you choices regarding our use and disclosure of your Personal Data for
marketing purposes.
• If you no longer want to receive marketing-related emails from us on a
going-forward basis, you may stop receiving these marketing-related emails by
sending an e-mail to unsubscribe@moodys.com.
• If you would prefer that we do not share your Personal Data on a
going-forward basis with our affiliates or with unaffiliated third parties for
their marketing purposes, you may cease this sharing by sending an e-mail to
unsubscribe@moodys.com.
We will comply with your request(s) as soon as reasonably practicable, and in
accordance with applicable law. Further, please note that requesting us not to
share your Personal Data with affiliates or unaffiliated third parties may
result in you no longer receiving any marketing emails from Moody’s. Please
also note that if you choose not to receive marketing-related messages from us,
we may still send you important administrative messages, and you cannot elect to
stop receiving such administrative messages, unless you choose to stop receiving
services from us.
You may also indicate your choices regarding marketing-related emails by
contacting us via postal mail or telephone using the information in the “Contact
Information for Moody’s” section below, or if you have a Site profile/account,
by changing your preferences on your Site profile/account at any time.
How you can access, change or suppress your Personal Data
If you would like to request to review, correct, update, suppress, delete or
otherwise limit our use of your Personal Data that has been previously provided
to us, or if you would like to request to receive an electronic copy of your
Personal Data for purposes of transmitting it to another company (to the extent
this right to data portability is provided to you by applicable law), you may
make a request by accessing and completing a Personal Data Request Form. We will
respond to your request consistent with applicable law. For your protection, we
may only implement requests with respect to the Personal Data associated with
the particular email address that you use to send us your request, and we may
need to verify your identity before implementing your request. We will try to
comply with your request as soon as reasonably practicable and consistent with
applicable law. Please note that we may need to retain certain information for
recordkeeping purposes and/or to complete any transactions that you began prior
to requesting the change or deletion.
Links
The Site may contain links to other Internet web sites, including social media
sites and third-party hosted collaboration tools. These linked sites are not
under Moody’s control. We provide links only as a convenience, and Moody’s does
not endorse or control, and is not responsible for, the privacy practices or the
content of these linked sites. If you provide any Personal Data through any
third-party web site, or choose to communicate with us using third-party
collaboration tools or other social media platforms, your transaction will occur
on that third party's web site (not the Site) and the Personal Data you provide
will be collected by, and controlled by the privacy policy of, that third
party. We recommend that you familiarize yourself with the privacy policies and
practices of any such third parties. PLEASE NOTE THAT THIS PRIVACY POLICY DOES
NOT ADDRESS THE PRIVACY OR INFORMATION PRACTICES OF ANY THIRD PARTIES,
INCLUDING, WITHOUT LIMITATION, AFFILIATED ENTITIES THAT DO NOT POST OR LINK
DIRECTLY TO THIS PRIVACY POLICY.
Security Measures
Moody's has established reasonable organizational and technical measures to
protect Personal Data within our organization from loss, misuse, or unauthorized
access, disclosure, alteration or destruction. Please note that while Moody’s
has endeavored to create a secure and reliable Site for users, no site is 100%
secure. If you have reason to believe that your interaction with us is no longer
secure (for example, if you feel that the security of any account you might have
with us has been compromised), please notify us of the problem immediately by
contacting us using the information provided below in "Contact Information for
Moody’s" (note that if you choose to notify us via physical mail, this will
delay the time it takes for us to respond to the problem).
Data Integrity
Moody’s will use Personal Data only in ways that are compatible with the
purposes for which it was collected, authorized by this Privacy Policy, or
authorized by you. Moody’s will take reasonable steps to ensure that Personal
Data is relevant to its intended use, and is accurate, complete, and current (as
provided by you). Moody’s depends on you to update or correct your Personal
Data whenever necessary.
Retention Period
We will retain Personal Data about you for as long as needed or permitted in
light of the purpose(s) for which it was obtained and consistent with applicable
law. The criteria used to determine our retention periods include: (i) the
length of time we have an ongoing relationship with you; (ii) whether there is a
legal obligation to which we are subject; and (iii) whether retention is
advisable in light of our legal position (such as in regard to applicable
statutes of limitations, litigation or regulatory investigations).
Cross Border Transfer of Personal Data
Your Personal Data may be stored and processed in any country where we have
facilities or in which we engage service providers. In certain circumstances,
courts, law enforcement agencies, regulatory agencies, or security authorities
in those other countries may be entitled to access your Personal Data.
If you are located in the European Economic Area (“EEA”): Some of the non-EEA
countries are recognized by the European Commission as providing an adequate
level of data protection according to EEA standards (the full list of these
countries is available on the EU Commission’s adequacy list online at:
https://ec.europa.eu/info/law/law-topic/data-protection/data-transfers-outside-eu/adequacy-protection-personal-data-non-eu-countries_en).
For transfers from the EEA to countries not considered adequate by the European
Commission, we have put in place adequate measures, such as standard contractual
clauses adopted by the European Commission, to protect your Personal Data. You
may obtain a copy of these measures by contacting us using the information
provided in the “Contact Information for Moody’s” section below.
If you are located in other countries, we will also ensure that we have
appropriate legal grounds to perform cross-border transfers of your Personal
Data. Where required in certain jurisdictions, we comply with requirements on
initial processing of Personal Data with the use of databases located in the
country of collection of your Personal Data.
Use of this Site by Minors
This Site is not directed to individuals under the age of eighteen (18), and we
request that these individuals do not provide Personal Data through this Site.
Sensitive Personal Data Restriction
Unless we specifically request for information to comply with applicable
anti-money laundering laws and other applicable laws, we ask that you not send
us, and you not disclose, any sensitive Personal Data (e.g., social security
numbers, passport numbers, information related to racial or ethnic origin,
political opinions, religion or other beliefs, health, biometrics or genetic
characteristics, criminal background or trade union membership) on or through
this Site or otherwise to us.
Contact Information for Moody’s
Questions or concerns regarding Moody's data protection practices should be
addressed to:
Legal Department
Moody’s Corporation
7 World Trade Center at 250 Greenwich Street
New York, NY 10007
Phone: +1-212-553-1653 or 1-866-995-9659
E-mail: privacy@moodys.com
If you choose to contact Moody’s via e-mail about this Privacy Policy, please
mark the subject heading of your e-mail “Privacy Inquiry.”
Additional Information for the EEA
You may lodge a complaint with the data protection authority for your country or
region, or where an alleged infringement of applicable data protection law
occurs.
For Germany, you may contact our German Data Protection Officer by sending an
e-mail to privacy@moodys.com with the subject heading “German Inquiry.”
Additional Information for California
If you are a resident of California, the California Consumer Privacy Act
(“CCPA”) (Civil Code § 1798.100) provides you with specific rights regarding
your Personal Data. These include:
• You can request information about our collection and use of your Personal
Data over the past twelve (12) months concerning: (i) the categories of Personal
Data we collected about you, (ii) the business or commercial purpose for
collecting your Personal Data, (iii) the categories of sources from which your
Personal Data is collected, and (iv) the categories of third parties with whom
we share your Personal Data. You can request a list disclosing the categories
of your Personal Data we have shared in connection with a business purpose.
• You can request to receive a copy of your Personal Data in a commonly used
and machine-readable format.
• You can request that we delete your Personal Data, subject to certain
exceptions.
To exercise the rights described above, it may be necessary for us to verify
your identity or authority to make the request and confirm the Personal Data
relates to you. Only you, or a person registered with the California Secretary
of State that you authorize to act on your behalf, may make a verifiable
consumer request related to your Personal Data. We will not discriminate against
you for exercising any of your privacy rights under CCPA or applicable law.
During the past twelve (12) months, we collected the categories of Personal Data
described above from California residents. We also disclosed such Personal Data
to third parties for the purposes specified above during the past twelve (12)
months.
Unless expressly stated in a privacy policy or statement applicable to a
specific Moody’s affiliate’s website, product or service, Moody’s does not sell
your Personal Data.
You may exercise any of the rights described in this section by accessing and
completing a Personal Data Request Form.
Additional Information for Brazil
If you have any questions or comments regarding your rights under Brazil’s Lei
Geral de Proteção de Dados (LGPD), please contact our Data Protection Officer.
You can do this via email at privacy@moodys.com.
Moodys.com
MOODY'S INTEGRITY HOTLINE
Via the Internet:
https://Moodys.ethicspoint.com
By telephone from the United States:
Dial 1-866-330-MDYS (1-866-330-6397)
By telephone from outside the United States:
Dial the AT&T Direct Dial Access® code for
your location.
Then, at the prompt, dial 866-330-MDYS
(866-330-6397).
TERMS & CONDITIONS
Terms of Use
Privacy Policy
Proprietary Rights
Regulatory Affairs
Moody's Code of Professional Conduct
Cookie Settings
Cookies Settings
CONTACT US
Careers
Help & Support
Contact Us
Submit a Complaint
EXPLORE
Investor Relations
MoodysAnalytics.com
Economy.com
Sitemap
CONNECT
@MoodysInvSvc
Moody's Corporation
The Moody's Foundation
Regional Sites:
Global
© 2021 Moody's Investors Service, Inc., Moody’s Analytics, Inc. and/or their
affiliates and licensors. All rights reserved.
PRIVACY PREFERENCE CENTER
When you visit any website, it may store or retrieve information on your
browser, mostly in the form of cookies. This information might be about you,
your preferences or your device and is mostly used to make the site work as you
expect it to. The information does not usually directly identify you, but it can
give you a more personalized web experience. Because we respect your right to
privacy, you can choose not to allow some types of cookies. Click on the
different category headings to find out more and change our default settings.
However, blocking some types of cookies may impact your experience of the site
and the services we are able to offer.
Cookies Notice
Allow All
MANAGE CONSENT PREFERENCES
STRICTLY NECESSARY COOKIES
Always Active
These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.
Cookies Details
FUNCTIONAL COOKIES
Functional Cookies
These cookies enable the website to provide enhanced functionality and
personalisation. They may be set by us or by third party providers whose
services we have added to our pages. If you do not allow these cookies then some
or all of these services may not function properly.
Cookies Details
PERFORMANCE COOKIES
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site. All
information these cookies collect is aggregated and therefore anonymous. If you
do not allow these cookies we will not know when you have visited our site, and
will not be able to monitor its performance.
Cookies Details
TARGETING COOKIES
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may
be used by those companies to build a profile of your interests and show you
relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
advertising.
Cookies Details
Back Button Performance Cookies
Vendor Search Search Icon
Filter Icon
Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label
*
View Cookies
* Name
cookie name
Confirm My Choices
We use cookies to improve user experience and site performance, offer
advertising tailored to your interests and enable social media sharing. Learn
more
Accept All Cookies
Cookies Settings