News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Fitch casts doubt on derivative protection companies

Fitch Ratings is revising it process for rating companies set up to sell protection to banks on their derivative exposure after two credit-focused vehicles, backed by collapsed bank Lehman Brothers, filed for bankruptcy.

Lehman Brothers Financial Products and Lehman Brothers Derivatives Products both voluntarily filed for bankruptcy on October 5.

WSJ Logo