Autos on the slippery slope

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The credit markets got a slap in the face in October after the decision by Standard & Poor’s to review the auto sector halted a three-month rally and spooked investors whose cups were overrunning with auto paper.

DaimlerChrysler’s woes continued last month as its ratings slid out to BBB with a negative outlook from Standard & Poor’s, while Ford’s BBB rating was put on review for downgrade. General Motors escaped any negative action as its ratings were affirmed at BBB.

Auto analysts were critical

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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