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Standard & Poors last week downgraded bond insurer Radian Asset Assurance to 'BBB-' from 'BBB+' in a move related to downgrades of parent Radian Guaranty and all other major U.S. mortgage insurers. The rating remains on negative watch.
April 13 -
SecondMarket launched markets for MBS, whole loans, and CDOs yesterday.
April 3 -
The CLO market has had dark clouds overhead since the credit storm began, and occasionally there have been downpours of liquidations and forced selling. As the storm lingers, market participants differ on their view of the forecast some believe there will be another wave of liquidations, others believe the market will remain calm.
April 3 -
PF2 Securities Evaluations increased its analytical tools for CDOs to prepare for changing Financial Accounting Standards Board (FASB) requirements.
April 1 -
The ability of managers of investment grade corporate synthetic CDOs to trade has been dramatically reduced as a result of structural constraints, a lack of market liquidity and unprecedented spread widening, Fitch Ratings analysts said.
April 1 -
Inter-dealer broker Phoenix Partners hired emerging markets specialist Niels Nooy as European head of emerging markets.
April 1 -
The European Commission has taken a step toward modifying the risk weighting of complex securitization products under Basel II.
March 31 -
Fitch Ratings has reorganized its securitization leadership after the departure of former head of U.S. structured finance John Bonfiglio.
March 30 -
NewOak Capital appointed Samuel Warren as director of the firms RMBS structuring solutions team and to complement its RMBS and residential loans credit management capabilities.
March 27 -
Fitch Ratings downgraded 78 tranches (69 public ratings and nine private ratings) and affirmed 18 tranches (all public) from 38 European structured finance CDOs.
March 23
