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Credit Ratings and Derivatives

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Credit Ratings and Derivatives

DATE: August 2009

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ABSTRACT: Credit ratings are not complete summaries of securities' riskiness.
Structured securities change securities' cash flows and riskiness in nonobvious ways.
The old-fashioned advice "If you don't understand it, don't buy it" seems to apply quite well here.

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Federal Reserve Bank of Atlanta. "Credit Ratings and Derivatives," Notes from the Vault (August 2009). https://fraser.stlouisfed.org/title/7163/item/656198, accessed on December 2, 2023.

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