S&P to Insist Muni Issuers Quantify Exposure to Variable-Rate Debt, Swaps

Hume, Lynn
February 2002
Bond Buyer;2/7/2002, Vol. 339 Issue 31320, p26
Trade Publication
Reports that rating agency Standard & Poor's Corp. has announced its plan to ask municipal bond issuers to quantify their exposure to variable-rate debt and interest rate swaps in a standardized manner in its effort to refine its credit rating process. Reason why it will be difficult for some issuers to accept the policy; Issuers' inconsistency in providing information about variable-rate debt and swaps to the agency.


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