The rise of the Asian CDO market

Moody''s duo talk to FinanceAsia about the growing issuance of synthetic collateralized debt obligations in the region.

In the past couple of years, the synthetic collateralized debt obligation CDO market has experienced significant development in Asia. Moody's Investors Service's managing director of Asian structured finance, Michael Ye, and vice president and senior structured finance analyst, Jerome Cheng, talk to FinanceAsia about the reasons for the recent growth and explain why issuance has been dominated by arbitrage deals rather than balance sheet transactions.

How many arbitrage CDOs have you rated in the past year and what do you believe the scope for this market to be

Cheng Last year we rated four transactions this year we have rated five deals. They've mostly been synthetic CDOs although...

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