Exact(56)
But as rating agencies have downgraded lower-rated tranches of this pooled debt and raised the possibility of marking down the better-quality stuff it has become clear that these instruments are not all they were cracked up to be.Worse, CDOs are devilishly difficult to price and the secondary market is illiquid.
One hot topic: clauses in corporate bonds, loans or trading agreements, known as rating triggers.
COMMENT FROM BRETT:: Regulators flat out lied too, as well as Rating agencies like Moodys.
"As rating agencies inadequately rated assets then, they are likely overestimating the value of fossil fuel assets now".
Finally, as rating culture has become more pervasive, we've gone beyond simply rating products or services and ventured into more personal territory.
It also misunderstands the nature of the admissions process -- which, as the university's president, Lee Bollinger, says, is not as simple as rating candidates according to their grades and test scores and going down the list.
The total outstanding amount of paper insured by monolines reached $3.3 trillion last year.André Cappon of CBM Group, a financial consultancy, describes monolines as "rating agencies that put their money where their mouth is".
Similar(4)
1. cumulative exposure on transformed ratings: 1 (low), 2 (moderate), 3 (high) → 0, 1, 2, as rating-year.
2. cumulative exposure on transformed ratings: 1 (low), 2 (moderate), 3 (high) → 0, 10 10, as rating-year, except bars/gambling and toll booth workers (maximum rating = 1; no jobs rated high).
The difference in average date of participation (controls) vs. average date of diagnosis (cases), which determined when exposure assessment ceased, was less than 6 months (Table 3). 1 cumulative exposure on transformed ratings: 1 (low), 2 (moderate), 3 (high) → 0, 10 10, as rating-year.
Odds ratios (OR) evaluated at 10 years in high-exposed jobs (lagged 5 year) or, for interactions, at 10 years in high-exposed jobs and 1 year in prior high-exposed farm work; matching on age in 3-year intervals; for including employment duration terms: χ (2df) =10.9, p=0.025 (Model 4). 1. cumulative exposure on transformed ratings: 1 (low), 2 (moderate), 3 (high) → 0, 1, 2, as rating-year.
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