Fitch Ratings last week published post-issuance reporting standards for European SME CDOs that should lead to better liquidity for these deals going forward, the rating agency claims.

A Fitch spokesperson noted that it hasn't changed its new issue-rating methodology, but is implementing a new reporting standard to promote transparency for a CDO asset class that has been criticized by investors for its shortfalls in data consistency and quality. Such flaws make it difficult to compare deals.

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