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What Are Structured Obligation (so) Ratings? Are They Different From Other Credit Ratings ? |
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Answer» STRUCTURED Obligation (so) ratings are ratings that are based on a 'credit enhancement' MECHANISM and/or a structured payment mechanism. A suffix in the form of '(so)' INDICATES that the obligation being rated is a “structured obligation” that is different and distinct from the “general obligations” of the issuer. Structured Obligation (so) ratings are ratings that are based on a 'credit enhancement' mechanism and/or a structured payment mechanism. A suffix in the form of '(so)' indicates that the obligation being rated is a “structured obligation” that is different and distinct from the “general obligations” of the issuer. |
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