Reflecting the continued use of derivatives as a risk management tool, Moody's Investors Service assigned counterparty ratings to 23 U.S. bank holding companies.

While the rating agency acknowledged that banks rather than holding companies book the majority of derivatives contracts, Moody's noted that these holding companies also enter derivatives 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.