TITLE

S&P checks trustee role

AUTHOR(S)
Meisler, Daniel
PUB. DATE
February 1999
SOURCE
Bond Buyer;02/08/99, Vol. 327 Issue 30574, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on Standard and Poor's Corp.'s review of its rating practice of relying on trustees' ability to access debt service reserve funds quickly enough to avoid default. Three cases of actual or near-defaults of conduit financings; Agency's plan to contact trustees associated with the bonds it rates; Fitch, IBCA and Moody's' assumption of the availability of debt service reserve funds.
ACCESSION #
1540363

 

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