WASHINGTON — The inclusion of a free, real-time feed of municipal bond ratings on the Electronic Municipal Market Access system has long been a goal of the Municipal Securities Rulemaking Board, which operates the disclosure and transparency portal.

But in a comment letter sent to the Securities and Exchange Commission Tuesday, Standard & Poor's president Deven Sharma indicated that his agency is opposed to providing a direct feed on EMMA without compensation. To do so would undercut the revenue the firm generates for subscriptions to its own direct ratings feed and for access to a historical ratings database.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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