Upgrades outpace downgrades for Asian structured finance, says Fitch report

Asia-Pacific structured-finance deals performed strongly in the six months to the end of March, with more upgrades than downgrades, said a recent report* from rating agency Fitch.

There were no upgrades or downgrades in the first quarter of 2006, and four upgrades and no downgrades in Q4 2005 for Australia and Asia excluding Japan structured-finance transactions, said the late-May report*.

For Asia-Pacific collateralised debt obligations (CDOs) excluding Japan, there were two upgrades and one

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