China and CDOs
Expect more issuance of collateralized debt obligations from China this year says rating agency.
Fitch Ratings expects more issuance of collateralized debt obligations CDOs from China this year after the country's first CDO was launched at the end of 2005.
The transaction represents the first official step towards the development of a CDO market in China and paves the way for more CDO issuance in the country this year and in the near future, says Charles Chang, Fitch's Director of Structured Credit for Asia Pacific.
There are also policy reasons to encourage more...
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