Fitch Amends Global Criteria for Cash Flow Analysis in CDOs to Include All CDOs
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NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has amended its 'Global Criteria for Cash Flow Analysis in CDOs' to include all CDO types. The report, which was published on Nov. 9, 2009, replaces a report originally published on April 30, 2008. The original 2008 report stated that it did not cover Fitch's approach to rating collateralised debt obligations (CDOs) of structured finance securities, trust preferred securities or commercial real estate loan CDOs. The amended report includes a new paragraph that describes that these criteria do indeed cover these additional asset classes. The core criteria have not changed.
To reflect this amendment, the report title has been updated to expand the coverage of these criteria to all CDOs, from just corporate CDOs. Also, the list of related research has been updated to include those titles published since the date of the original report.
The amended report is available at 'www.fitchratings.com' under the following headers:
Structured Finance >> Structured Credit >> Criteria Reports
Additional information is available at 'www.fitchratings.com'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Source: Fitch Ratings
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