Standard & Poor's Corp. last week issued ratings criteria for debt service fund transactions.

The tramactions present rating complications because they can involve an issuer's reliance on guaranteed investment contracts, forward delivery agreements, or other derivative structures. Issuers, however, are increasingly using such transactions to lower debt costs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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