Did Subjectivity Play a Role in CDO Credit Ratings?

Material TypeArticleLanguageEnglish
TitleDid Subjectivity Play a Role in CDO Credit Ratings? Author(S)JOHN M. GRIFFIN (Author)
Abstract  Analyzing 916 collateralized debt obligations (CDOs), we find that a top credit rating agency frequently made positive adjustments beyond its main model that amounted to increasingly larger AAA tranche sizes. ...Paginationp 1293–1328
SubjectEconomicsDescriptorsEconomics
Journal TitleThe Journal of Finance  
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