Idiosyncratic risk threat to credit derivatives
But the general outlook for credit remains "benign", according to Deutsche Bank
Idiosyncratic risk poses a greater threat than a systematic widening in the credit markets over the next six months, according to John Tierney, head of credit derivatives research at Deutsche Bank. Tierney said the wider picture for credit markets remains "benign" because of strong underlying credit fundamentals and a steady US economic outlook for 2006.
But he told delegates attending a GFI-hosted
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