Credit Default Indices Poor Indicators?

02 Sep 2008

Researchers at the Bank for International Settlements said credit default indices used to calculate subprime-related write-downs are “unlikely to be good predictors of future default-related cashflow shortfalls.” According to researchers Ingo Fender and Peter Hordahl, though the Markit ABX-HE indices “seem to have been widely used,” they track ...

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