"At the margin, this could reduce demand, but nobody should have been buying this stuff on the basis there wasn't a material probability of at least one junk rating at some point in the future, " Mr. McNamara said of the bond sale's postponement.

WSJ: Slovenia Bond Sale Postponed

In other words, had the case proceeded, there was a material probability that the only claims that would have been allowed to proceed were claims on behalf of persons who purchased Satyam ADSs (which traded on the NYSE), and not persons who bought shares which traded in India.

FORBES: The Grand Illusion: PwC Settles Satyam U.S. Class Action Claims