...Ongoing dislocations in the credit markets, which began in July 2007, continue to place unprecedented stre sses on the liquidity and market values of credit instruments. Market prices have come under pressure, even for assets that are not underg oing a credit stress. As a result, many prevailing assumptions about funding access, asset liquidity, and risk are being re-examined by the market. In response, Fitch Ratings published Market Value Structures : Exposure Draft, on Dec. 18, 2007, requesting comment on a range of proposed changes ...
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