Difference between revisions of "Distressed Ratings Downgrade"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
| − | '''Distressed Ratings Downgrade'''. A [[Credit Event]]. The fact that the rating of the | + | '''Distressed Ratings Downgrade'''. A [[Credit Event]]. The fact that the rating of the [[Reference Obligation]] is downgraded to a distressed rating level. |
== Notes == | == Notes == | ||
| − | From a usage standpoint, this credit event is typically not applicable in case of | + | From a usage standpoint, this credit event is typically not applicable in case of [[Securitisation]] |
| − | |||
Latest revision as of 11:20, 31 March 2021
Definition
Distressed Ratings Downgrade. A Credit Event. The fact that the rating of the Reference Obligation is downgraded to a distressed rating level.
Notes
From a usage standpoint, this credit event is typically not applicable in case of Securitisation
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.
