Rating revised

Credit ratings


Credit markets - particularly structured finance - have stabilised considerably in the past few weeks, and fears have been allayed that an imminent new rating methodology from Fitch Ratings would result in numerous significant downgrades of corporate collateralised debt obligations (CDOs), knocking the structured credit market for six.

Rate cuts in the US and the bailout of Bear Stearns have played a big role in easing the overall market's concerns in the past quarter. In the meantime, the change

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