As a result, confidence in ratings was shaken and the agencies have come under fire from investors and regulators.
Hundreds of residential mortgage-backed securities (RMBSs) and collateralised debt obligations (CDOs) of asset-backed securities (ABSs) – including some AAA-rated tranches – have been downgraded. The actions severely shook confidence in the reliability of credit ratings and have caused regulators to take a close look at the their role.
However, the credit-rating agencies are not taki
The week on Risk.net, July 14–20, 2017Receive this by email