CDO war moves up a notch

Rating agencies

security-gif
At the end of March, rating agency Fitch shocked the securitisation world by releasing a study accusing its rivals, Moody’s Investors Service and Standard & Poor’s (S&P), of suppressing competition in the rating of collateralised debt obligations (CDOs). Fitch says three-quarters of senior structured finance executives oppose notching. This is where a rating agency, when it is developing an overall rating for a CDO, automatically adjusts downward the ratings on bonds and loans included in 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: