Title:

CPDO Saved from Downgrade by Buyback: Will Elm's Disease Spread? (Updated)

Price:$150.00
Publication Date:Aug 23, 2007
Source:CreditSights Inc
Report Type:Article
Abstract:A CPDO referencing single-A and above rated financials has been bought back after Moody's put at least four other similar notes on review for downgrade, dealing a further blow to existing CPDOs and reducing the likelihood of future deals.
Brief Excerpt: CPDO Saved from Downgrade by Buyback: Will Elm's Disease Spread? (Updated) With the threat of the first CPDO downgrade on the cards, the issuing bank has bought the note back and the rating been withdrawn. Depending on what the issuing...
Word Count:967
Report Type:Article
Topic:Strategy Structured Products, CPDO, Ratings
Format:HTML HTML
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CreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.

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