Fitch Ratings is looking for a senior collateralized debt obligation analyst for its collateral manager rating group, says John Schiavetta, who heads the CDO business at the rating agency. The position is newly created and would report to Said Rafat, senior director and head of the year old group.
Schiavetta says the group recently rated its first two collateral managers: New York-based C-Bass in August and PIMCO in September. The goal, he adds, is to rate three more collateral managers by year-end, declining to name the potential managers. Four analysts from other groups are assisting Rafat in his task at present. Fitch rates CDO collateral managers by asset classes, on a scale of one to four, with one being the highest rating. There is one rating per criteria, including management experience, financial condition, staffing and the way the portfolio is monitored.