Drive to Rate on CDO

[henry_flower]

Thesis милой Ани-Катерины таки rocks. Факты, факты и ничего кроме фактов.

Например, как работали рейтинговые агентства с CDO:

Not only did the rating agencies fail to examine the accuracy of their own prior collateral ratings, but in many cases, they also used other agency's ratings without checking for accuracy. To correct for any shortcomings in the other agency's rating methodology, they created the practice of "notching," whereby they would simply decrease the rating of any collateral security that they did not rate by one notch.

In other words, if Moody's rated a CDO that was composed of collateral rated BB+ by Fitch only, Moody's would instead use a rating of BB in their own CDO model because it was not their rating.

ггг

Прекрасная тактика.