Securitisation

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.

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