Rating revised
Fitch Ratings is latest of the major international rating agencies to review and extensively revise its structured credit methodology. What is the likely impact on the market? Kathleen Kearney reports
Credit markets - particularly structured finance - have stabilised considerably in the past few weeks, and fears have been allayed that an imminent new rating methodology from Fitch Ratings would result in numerous significant downgrades of corporate collateralised debt obligations (CDOs), knocking the structured credit market for six.
Rate cuts in the US and the bailout of Bear Stearns have played
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