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Points up front: new ratings methodology
Wednesday, December 21, 2011
In possibly the best rating announcement of all time, Moody’s last month said it has decided to rate everything everywhere Baa2 and leave it on stable outlook.
This new approach would, you might think, allow the rating agency to streamline its business. Henceforth it could simply collect its fees while getting rid of all those expensive analysts. Reading on, we discover that the assignment does not refer to every borrower in the world, but rather to Everything Everywhere Ltd, a UK mobile telecoms operator.
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CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
