He said anyone who makes assumptions about the stock price of those issuers based on Moody's findings about its bonds is misusing the data.
The deal is similar to the one American Express reached in January with MBNA, the credit card issuer based in Wilmington, Del.
Part I of Form 1-K will be an online XML-based fillable form that will include certain basic information about the issuer (pre-populated based on information previously disclosed on Form 1-A).
In this Example 4, the issuer's exclusion of A and A's dependents from coverage is a rule for eligibility that discriminates based on one or more health factors, and thus violates this paragraph (b)(1).
Take credit-card issuer MBNA, which looks attractive based on a 24% twelve-month return on equity.
Some credit card issuers do this each month based on your billing cycle.
"Two-cycle average daily balance" or "two-cycle billing": Some issuers calculate your finance charges based on an average of your current and previous months' balances, essentially making you pay interest on debt you've already paid off!
The per-transaction fee may be a flat-percentage rate, may vary based on the card issuer, and may vary based on the transaction amount or the total sales volume.
Other issuers have chosen to launch ETFs based on so-called "smart beta" indexing that effectively removes human discretion from otherwise active decisions.
"The ADP transaction resulted in the downgrade of one of the few remaining Standard & Poor's 'AAA' rated U.S. corporate issuers: We downgraded ADP to 'AA' based on the company's more narrowly focused business profile following its exit from the dealer services business.
