Officials: Good Ratings, Investor Interest Depend on Disclosure

Albanese, Elizabeth
June 2003
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p32
Trade Publication
Good disclosure practices are a must for any issuer that wants to receive and maintain good ratings and wants investors to have free rein to purchase their bonds, officials said at the 2003 Disclosure Conference hosted by the Municipal Advisory Council of Texas on June 13, 2003. Furthermore, good disclosure practices can be a precursor to good management, according to Katherine McManus, a managing director at Fitch Ratings Inc. Disclosure also needs to apply to such issues as derivatives and variable-rate securities, said Peter Bianchini, a managing director at XL Capital Assurance Inc.


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