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Appeal Of Alternative Financing Is Not Without Risk For Municipal Sector, Report Says
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 17, 2011--Alternative financing products such as bank loans and direct-purchase debt are gaining in popularity in the U.S. not-for-profit higher education, health care, and other municipal sectors, Standard & Poor's Ratings Services said today in a report. 'We expect the use of such products to continue because a large number of letters of credit and standby bond purchase agreements will expire in 2011 and 2012,' said Standard & Poor's credit analyst Mary Peloquin-Dodd. 'We recognize there are benefits to some of the alternative financing products, such as direct-purchase bonds, that are being offered to municipal obligors. However, we believe it is important to highlight the risks of these new products,' she added. In particular,...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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