TBMA Submits Comments to Standard & Poor’s Rating Services on Debt Derivative Profiles Program
Published on:
January 11, 2005
The Bond Market Association (TBMA)*provides comments to Standard & Poor’s Rating Services (S&P)on Debt Derivative Profiles (DDP)Program developed by Standard & Poor’s. TBMA’s Municipal Financial Products Committee developed the recommendations. TBMA supports a comprehensive approach to analyzing the derivatives exposure of issuers; and believes the S&P should eliminate the publication of the DDP numeric scoring system.
*SIFMA is the product of the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.