Translation for "senior-tranche" to english
Senior-tranche
Translation examples
Die Risiken, die Pensions- und Investmentfonds eingehen durften, waren vertraglich begrenzt, und deshalb brauchten sie Investmentgrade-Ratings von Standard & Poor’s oder Moody’s, damit sie CDOs kaufen durften. 138 Die Ratingagenturen beurteilten aber nicht nur die CDOs, sondern berieten auch deren Aussteller dahingehend, wie sie sie strukturieren mussten, damit die Senior-Tranche ein AAA-Rating bekam.
Pension funds and mutual funds, whose covenants limited the amount of risk they were permitted to take on, needed investment-grade ratings from Standard & Poor’s and Moody’s to purchase CDOs.2 The rating agencies rated the CDOs, but they also advised their originators how to structure them so that the senior tranche would win an AAA rating.
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