Title:

Distressed CPDOs: We're Doomed!

Price:$150.00
Publication Date:Sep 04, 2007
Source:CreditSights Inc
Report Type:Article
Abstract:The recent volatility means CPDOs are rolling into the new indices with NAVs at distressed levels. This may not matter if spreads in the new indices launch at wider levels than where the current indices end; if they don't CPDOs may struggle
Brief Excerpt: Distressed CPDOs: We're Doomed! There are at least five names that will need to be removed from the CDX and iTraxx investment grade indices under their high-grade-names-only rules and a further three possible removals. The removal of...
Word Count:3582
Report Type:Article
Topic:Strategy Most Read Research, Strategy Structured Products, Ratings, CPDO, Derivatives And Indices, CDOs
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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