Tuesday, February 05, 2008


CDO Ratings to Fall as Losses Trigger Fitch Overhaul The New York-based company may lower the notes by as much as five levels after failing to accurately assess the risk of debt that packages other assets, according to guidelines proposed by Fitch today. CDOs with AAA grades that are based on credit-default swaps and aren't actively managed may face the steepest reductions.

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