DBRS and Fitch doubt CPDO stability

Two rating agencies have published reports on constant proportion debt obligations. The move comes as the evolution of managed CPDOs heralds a second generation of issuance of the product which first hit the market last year.

Derivative Fitch’s report, ‘First Generation CPDO: Case Study on Performance and Ratings’, looks at the potential performance and ratings of the first generation of CPDOs and examines the structure’s core vulnerabilities. The agency, despite being asked to rate several of th

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: