SPE Consolidation Won’t Trigger Rating Changes, But Banks Could Bolt from ABCP Market, Says S&P
January 24, 2003
SPE Consolidation Won’t Trigger Rating Changes, But Banks Could Bolt from ABCP Market, Says S&P The Financial Accounting Standard Board’s new interpretation of an accounting rule requiring controlling companies to book all assets held by their special-purpose entities brings good news and bad news, according to Standard & Poor’s analysis.