| |
Under
Review: Ripple Effects Of Much Harsher Debt Ratings ($)
THE WALL STREET JOURNAL - Page C1 January
18, 2008
By Aaron
Luccheti
and Karen Richardson
EXCERPT
Janet
Tavakoli, president of Tavakoli Structured Finance, says
the rating firms aren't sending "a consistent message" on
bond insurers. She thinks they still are "afraid" to
issue downgrades because "they don't want to create a liquidity
crisis in the muni-bond market." Eventually, though, some
bond insurers could be forced to restructure to preserve their
municipal-bond businesses, she says. That would mean letting
the insurers' CDO businesses fail.
END OF EXCERPT
Article is available via the above link to subscribers of The Wall Street
Journal.
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.
|
