Nixing the Notching
[Rating Agencies and SEC Proposed Rules]

By Christopher Faille, Financial Correspondent
HedgeWorld (Reuters) WASHINGTON February 23, 2007

The agencies just aren't qualified, she wrote, to evaluate such products as the constant proportion debt obligation, a leveraged bet on the credit quality and market spread of indexes based on U.S. and European investment-grade companies.

END OF EXCERPT

Article is available via the above link to subscribers of HedgeWorld.com.

Clients of Tavakoli Structured Finance also have access to proprietary TSF research, which is not published in any other paid or public forum.

Please click here for other articles.