WASHINGTON -- Despite growing wariness in the bond market about lease securities, the outstanding repayment record on the $10 billion or more of new lease issues each year suggests that defaults will continue to be rare, according to Standard & Poor's Corp.

An advance copy of a Credit Week Municipal article scheduled for release today runs down the developments in recent months that have raised doubt among investors about the security of lease financings and concludes that none represents a pervasive threat to the market.

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