Nomura analyst sceptical about Nera's ratings study
Save this article
Print this page
Moody’s Investors Service awarded a contract to Nera, a Marsh & McLennan company, back in late 2001 to conduct an independent study of structured products ratings processes. Published last week, the study investigates if differences in rating agencies’ methods create systematic differences in the performance of rated structured finance products.The impetus for the study was the contentious issue of how, when rating a structured finance transaction, agencies treat underlying securities that t
To continue reading...
If you have access through Open Athens you can login here