Structured investment vehicles, face possible ratings downgrades of $36 billion, following rating agency Moody's latest review of the sector.
The debt securities affected amount to 11% of total SIV debt outstanding and include the senior debt programmes of Kestrel Funding PLC and Kestrel Funding LLC, which hold around $3bn of debt securities.
SIV ratings continue to be vulnerable to sustained declines in portfolio value and an inability to refinance maturing debt. The rating actions are not a resu
The week on Risk.net, July 7-13, 2018Receive this by email