Fitch Ratings published its surveillance criteria for rating CDOs exposed to corporate debt.

The  revised approach considers a number of important factors. Among which is that highly rated tranches be resistant to excessive rating  volatility  throughout  normal  credit cycles, while lower rated tranches might show a more significant level of volatility over the same cycles. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.