Ratings agencies' credibility has plummeted thanks to the
credit crunch. But last Thursday, Moody's tried to restore its
reputation with a new ratings resource for investors.
Credit Values DCV allows investors to model the performance
of collateralised debt obligations – one of the
structures most affected by the credit crunch – under
different market conditions, such as a liquidity drought.
Although currently restricted to the US, investors can
access cash flow...