NEW YORK - Standard & Poor's Corp. expressed reservations this week about the Financial Accounting Standards Board's proposed improvements in accounting for derivatives.

The rating agency said replacing deferral hedge accounting with a mark- to-market approach, as FASB proposes, might discourage managers from entering economically viable transactions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.