Dr P Singh Jan 14, 20171 minNo Deal: S&P and Moody's fined over $2bn for ABS mis-ratingsFeb 2015: S&P settled a claim of wrongdoing on its ratings. Details in this Bloomberg article here and here and Reuters article here. ...
Dr P Singh Jan 12, 20171 minSalary-backed ABS2014: Moody's rated an ABS backed by receivables that are salary payment obligations of employees who have taken loans. These employees...
Dr P Singh Jan 12, 20171 minCLN of SME loansJan 2016: Santander issued a credit-linked note (CLN) secured by 6000 spanish SME loans worth €2.3bn, in which the first loss was...
Dr P Singh Jan 12, 20171 minProject finance: CLO, synthetic CLO and synthetic CBO1998: from this date, several CLOs and (later) synthetic CLO issues have occurred. Details here In synthetic CLOs, the credit risk is...