Rating agencies moot changes to methodology
Fitch is proposing to toughen its ratings on CDOs of investment grade corporate credit risk, extending the subprime taint into a sector where its effect has so far been limited. Meanwhile, Moody’s is suggesting several radical changes to the way it presents structured finance ratings, such as using a numerical scale to rate structured finance assets. Read EuroWeek this week for the market’s response.
Tessa Wilkie +44 207 440 6036