Standard & Poor's debuts its much-ballyhooed new benchmark this week, after a year in pre-production. While other new performance metrics have also been created, market rumors singled out the ROC as replacing the S&P rating for CDOs.

The team behind S&P's new "ROC Reports" aimed to set the record straight as ASR got a first peek at the agency's first "ROC Report", a new S&P monthly publication.

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