How a diversified and resilient portfolio delivers results
Structured finance continues to be strong driver
Performance in 4Q primarily attributable to growth in collateralized debt obligations and commercial mortgage-backed securities
- CDO market:
- Strong investor demand in cash flow and synthetic sectors
- Increases in collateralized loan obligations
2006 ninth straight year that S&P rated more asset- and mortgage-backed securities than any other agency according to Asset-Backed Alert newsletter
- Measured by ratings of dollar volume issuance and number of deals