Standard & Poor's Ratings Services recently released an updated version of its modeling tool for collateralized debt obligations (CDOs), CDO EvaluatorÖ 3.2 (E3.2), which includes changes to its structured finance default table, a broadened list of structured finance asset types, updated corporate bond recovery rate tables, and new simulation functionality. In this Credit FAQ, Standard & Poor's answers questions regarding E3.2 and how it differs from CDO Evaluator 3.1 (E3.1). Standard & Poor's has made a key change to the structured finance default table (also known as the ABS default table). The other default tables (corporate, municipal, and CDO) have not been changed. E3.2 also includes an expanded list of structured finance asset types, which allows users to simulate different
