(Reuters) - Last week Fitch Ratings and Dominion Bond Rating Service,
neither of which have rated CPDOs, said that the early deals
may be highly sensitive to small changes in the assumptions
underlying them. For details, see [ID:nL18292745]
"We think that early CPDOs, the ones that were introduced
last summer and fall, have a very fundamental problem with
them," said Anthony Morris, executive director in structured
products research at UBS on a conference call on Monday.
Read more at Reuters.com Bonds News
neither of which have rated CPDOs, said that the early deals
may be highly sensitive to small changes in the assumptions
underlying them. For details, see [ID:nL18292745]
"We think that early CPDOs, the ones that were introduced
last summer and fall, have a very fundamental problem with
them," said Anthony Morris, executive director in structured
products research at UBS on a conference call on Monday.
Read more at Reuters.com Bonds News
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