Sponsors' Action Plans Mitigate Number Of CreditWatch Placements In EMEA Structured Finance Due To Updated Counterparty Criteria (00:09:26 min)
Updates to Standard & Poor's Ratings Services' methodology for assessing counterparty risk in structured finance became effective on Jan. 18, 2011. As a result, we placed nearly 2,000 Europe, Middle East, and Africa (EMEA) structured finance ratings on CreditWatch negative, affecting 30% of transactions that we rate. However, many other transactions' sponsors provided us with action plans to mitigate any potential rating effect from the criteria update. In this CreditMatters TV segment, Senior Director Andrew South reveals the asset classes in which CreditWatch actions were most widespread, and discusses which sectors had the most action plans from transaction sponsors.
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