TITLE

TBMA Asks S&P to Do Narrative-Based Derivative Analyses

AUTHOR(S)
Hume, Lynn
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/2/2006, Vol. 355 Issue 32311, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the encouragement of the Bond Market Association to let Standard & Poor's Corp. to eliminate the numeric scoring system for its Debt Derivative Profile program and to move to narrative-based analysis of issuers' derivatives exposures. The program has been used by the rating agency to gauge the effect of municipal derivatives transactions. The rating agency has proposed either condensing the current five-point numerical scoring system to a four-point scale.
ACCESSION #
19701349

 

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