CDO Asset Manager Rating ReviewsFitch Ratings has affirmed M&G’s CAM 1- rating, which is among the highest known CDO asset manager rating in Europe. Here you can read about our CDO asset manager profile.
CAM 1 - European Leveraged Loans Fitch RatingsExcerpts from the Fitch Ratings press release, released on 15 July 2008:
“The affirmation [of M&G’s CAM 1- rating] reflects the stability of M&G and its large, well-established multi-asset CDO business over the last year. While there has been some staff turnover… this has been well-managed, and the structured credit team reorganised appropriately.”
“In Fitch’s opinion, M&G remains among Europe’s top-tier CDO managers and continues to be well-positioned, in spite of increased uncertainty in the wider CDO market.”
“The ratings continue to reflect the considerable and successful CDO management experience of M&G. The key drivers of the ratings reflect M&G’s clearly articulated investment strategies in particular for European leveraged loans, supported by extensive credit research and monitoring practices and staffing breadth and depth in all areas.”
Access the full Fitch Ratings press release here (13 KB).
Fitch Ratings CDO asset manager profile (287 KB).
Source: CDO Asset Manager Profiles on the Fitch Ratings website.
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