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CLOs Upgrades Likely After Moody’s Move
Collateralized loan obligations will likely see upgrades of between one to three notches after Moody’s Investors Service announced a review of criteria used to determining ratings during the crisis, reports Financial Times.
Collateralized loan obligations will likely see upgrades of between one to three notches after Moody’s Investors Service announced a review of criteria used to determining ratings during the crisis. Moody’s said it will remove the 30% default probability introduced two years ago and will revise its underlying methodology.