Credit markets
The perils of pricing
valuations
Two of a kind?
Equity default swaps
Hedge funds’ swift exit
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Editor's letter
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Downgrade/upgrade ratio improved, Moody’s reports
The ratio of downgrades to upgrades declined sharply in 2003, although rating volatility was still above its long-term historical average, said rating agency Moody's Investors Service.
Daiwa Securities SMBC launches first rated CDO of EDS
Japan’s Daiwa Securities SMBC has launched a CDO of equity default swaps (EDS), making it the first pure EDS portfolio to be rated globally.
Creditex launches electronic trading of CDS indexes
Credit derivatives broker Creditex has launched electronic trading of credit default swaps (CDS) indexes.
Parmalat focus: Tragedy or farce?
Corporate Europe has been gripped by a scandal that has led to the downfall of one of Italy's largest and most established companies – dairy producer Parmalat. Bondholders don't know whether to laugh or cry at the size of the fraud.
Notching: Poles apart
A long-running dispute between the 'big three' credit rating agencies concerning the practice of notching refuses to go away. Saskia Scholtes examines the latest contribution to the debate from economics consultancy Nera.
Taking the slow road
Rankings 2004
The deal deluge
Rankings 2004
Risk at the margin
Rankings 2004
Right place,right time
Private placements
Poles apart
Notching
Deals Diary
News
Tragedy or farce?
Parmalat focus
Sector roundup
Sectors
Running dry
Bond outlook
Dabbling with credit
Credit derivatives
Taking a market view
Structured swaps