Tranche Rating At Issue
Definition
Tranche Rating At Issue. The rating at issue of a tranche of a security. Note this is under review
Issues and Challenges
In the case of CDOs, senior and mezzanine tranches of a CDO issue are typically rated, with the former receiving ratings of A to AAA and the latter receiving ratings of B to BBB. The ratings reflect both the credit quality of underlying collateral as well as how much protection a given tranch is afforded by tranches that are subordinate to it. Review note: Remove this it's no different from an instrument.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
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