As part of the methodology, Moody's established a new type of rating, a Clearing Counterparty Rating (CCR), which reflects Moody's opinion of a clearing house's ability to meet the timely clearing and settlement of clearing obligations by the clearing house as well as the expected financial loss in the event the obligation is not fulfilled. In its Clearing Counterparty Rating (CCR) report, Moody’s evaluates how a CCP may meet its clearing and settlement obligations in an efficient manner, and how much money will likely be lost if a As part of the methodology, Moody’s established a new type of rating, a Clearing Counterparty Rating (CCR), which reflects Moody’s opinion of a clearing house’s ability to meet the timely clearing and settlement of clearing obligations by the clearing house as well as the expected financial loss in the event the obligation is not fulfilled.