Documentation for Financial products Markup Language (FpML®)
Definition Type: Element
Name: distressedRatingsDowngrade
Namespace: http://www.fpml.org/2007/FpML-4-4
Type: fpml:Empty
Containing Schema: fpml-option-shared-4-4.xsd
MinOccurs 0
MaxOccurs (1)
Abstract
Documentation:
A credit event. Results from the fact that the rating of the reference obligation is downgraded to a distressed rating level. From a usage standpoint, this credit event is typically not applicable in case of RMBS trades.
Collapse XSD Schema Diagram:
Drilldown into Empty in schema fpml-shared-4-4_xsdXSD Diagram of distressedRatingsDowngrade in schema fpml-option-shared-4-4_xsd (Financial products Markup Language (FpML®))
Collapse XSD Schema Code: 
<xsd:element name="distressedRatingsDowngrade" type="Empty" minOccurs="0">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">A credit event. Results from the fact that the rating of the reference obligation is downgraded to a distressed rating level. From a usage standpoint, this credit event is typically not applicable in case of RMBS trades.</xsd:documentation>
    </xsd:annotation>
</xsd:element>
Collapse Derivation Tree:
Documentation for Financial products Markup Language (FpML®)

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