Fitch to overhaul CDO rating methodology
Fitch Ratings is to change its rating methodology for corporate CDOs. The agency has released a set of proposals for the revisions and is seeking market feedback before issuing new criteria by the end of March.
The new methodology aims to provide “an updated, more forward-looking view of corporate default and loss experience”, says John Olert, head of global structured credit at Fitch. The agency hopes to bring its CDO ratings in line with the market's expectation for default risk and ratings
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