While most brokers aren't too happy with the public exchanges, they should be pleased with their private counterparts — at least if they believe the latest from Moody's.

Moody's Investor Services said Tuesday that private exchanges are "credit positive" for benefits consultants due to their significant growth potential.

"We expect these firms to build successful exchanges based on their knowledge of employee benefit plans, extensive client relationships and ample financial resources," the report reads. "The investments in private exchanges and the related market opportunity are credit positive for leading benefit consultants and brokers."

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