S&P Announcement: No Ratings Affected By Discrepancy Identified In CDO Evaluator Report Jul 12

Standard & Poors, July 2012

Abstract
NEW YORK (Standard & Poor's) July 12, 2012--Standard & Poor's Ratings Services has become aware of a discrepancy in one of the nonrating-related reports produced by its CDO Evaluator credit model. The report can be produced by the current version of the model (version 6.0), as well as prior versions still in use (2.7, 4.1, and 5.1). The report output has not been used in connection with the ratings process, and no ratings have been affected by the discrepancy. The discrepancy affects the default correlation matrix report, which shows the implied default correlation between asset pairs by the CDO Evaluator model. In instances in which a portfolio has multiple assets from the same obligor, the report may not correctly show...

Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Customers who bought this item also bought

• Origins of Ownership of Property. New Directions for Child and Adolescent Development. Number 132. J-B CAD Single Issue Child & Adolescent Development
• The Program Evaluation Prism. Using Statistical Methods to Discover Patterns
• Defense Communication - Tactical Radio Segment - 2011 Edition
• Promoting Value in the Public Interest: Informing Policies for Judging Value in Evaluation. New Directions for Evaluation, Number 133. J-B PE Single Issue (Program) Evaluation
• Linking Leadership to Student Learning
• Kick-Start Your Class. Academic Icebreakers to Engage Students
• Evaluator Competencies. Standards for the Practice of Evaluation in Organizations. Research Methods for the Social Sciences
• Really New Directions in Evaluation: Young Evaluators' Perspectives. New Directions for Evaluation, No. 131. J-B PE Single Issue (Program) Evaluation
• Revealing Minds. Assessing to Understand and Support Struggling Learners
• The ABCs of Evaluation. Timeless Techniques for Program and Project Managers. 3rd Edition