Fitch Solutions extended the launch of its liquidity scores and percentile rankings for widely traded CDS assets to investors.

This is a way to help these buy-siders strengthen their liquidity risk management procedures as well as  meet regulatory commitments.

Investor users benefit from new features such as regional sector  scores  for  corporate  assets  in  Asia-Pacific, Europe and the Americas and global  sovereigns.  As  of  March 13,  Korea
Development   Bank
,   British  TelecomGeneral  Electric  Capital Corp. and the United Mexican States were the most liquid CDS names respectively.

"Our  research  has  highlighted that whilst global CDS market liquidity hit  an  all  time  low in January, liquidity has begun to return to the market  during  this  year  and, for the first time, the Americas region became  more liquid than Europe earlier this month," said Thomas Aubrey,
managing  director,  Fitch  Solutions, London. "Better understanding the relative  liquidity  of  an  asset  remains  a critical market issue and through  this  launch  the buy-side community will now be able to assess the  relative liquidity of global CDS assets and the global CDS market."

Fitch Solutions will also publish on its public  Web site a fortnightly list of the top five most liquid CDS corporate  names  in  Europe, North America and Asia-Pacific, as well as the  top  five most liquid global sovereigns.   

The  liquidity  scores and rankings are derived from Fitch's proprietary statistical  model which provides a unique insight into the CDS  market liquidity,  covering  over  3,000  of  the most widely traded CDS assets. Each asset is assigned a score, representing the most through to
least liquid names, and then given a global percentage ranking according to its liquidity profile against the overall CDS universe.

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