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