New U.S. regulations may disrupt credit: Moody's

NEW YORK (Reuters) - New financial regulations will enhance transparency in the market but may trigger disruptions in credit markets, Moody's Investors Service said on Friday.

U.S. lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital on Friday, handing President Barack Obama a major domestic policy victory.

"Moody's supports the many measures in the financial regulatory reform bill that enhance the transparency and accountability of the credit ratings process and is committed to implementing them in the most effective way possible," Moody's said in an e-mail statement to Reuters.

"At the same time, we remain concerned that certain provisions of the bill could have unintended consequences or trigger disruptions in the credit market," the statement said.

(Reporting by Walden Siew; Editing by James Dalgleish)