Moody's introduces new ratings system

Author: | Published: 21 Nov 2007

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...