Fitch turns nihilistic on CLOs

Fitch has taken a philosophical look at the CLO market in its recent Structured Finance Snapshot, as part of its series looking back at the credit crisis

Comment by: Anonymous. Posted 12 years ago [2011-11-17 23:59:57]

Geez, no wonder Fitch (and other rating agencies) got so many ratings wrong. They sit around reading philosophy all day. They should be reading Graham and Dodd or a JP Morgan biography instead.