TITLE

S&P Finds Most Muni Issuers Score on the Lower-Risk End

AUTHOR(S)
Walker, Susanne
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/13/2005, Vol. 351 Issue 32049, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the report of Standard & Poor's Corp., which states that swaps used by the vast majority of municipal issuers present minimal downside risks to them and may have the potential to improve their financial condition over a longer period of time. Peter Block, director at Standard & Poor's said that the average debt derivative scores indicate that debt derivatives do not carry large amounts of downside risk, and may in fact benefit credit quality to the extent that strategies are managed and turn out as expected.
ACCESSION #
15637709

 

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