Fitch upbeat on Asia-Pacific CDOs



Fitch Ratings expects issuances of collateralised debt obligations (CDOs) to increase this year in Asia-Pacific, including China, the rating agency said in its latest CDO quarterly report released in May.

The agency added that most synthetic CDOs in Asia-Pacific it had rated so far were not affected by the bankruptcy of US auto parts maker Dana in March. The exception was the Beryl 2006-1 transaction, which was placed on 'rating watch negative' in March, but this will be resolved as and when

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