NEW YORK, Sep 23, 2008 (BUSINESS WIRE) -- Fitch Ratings has placed 13 of its U.S. Credit Card ABS deals 'Under Analysis', indicating that Fitch will be issuing a rating action within 30 days. SMARTView is Fitch's ongoing monthly surveillance process, with the 'Under Analysis' designation given to those deals which Fitch plans to further analyze over the next month. Of the 92 Fitch rated U.S. Credit Card ABS transactions, 79 U.S. Credit Card ABS deals were designated with a SMARTView date of Sep. 23, 2008, indicating that no in depth review is necessary.
As Fitch receives monthly information on structured finance transactions from trustees and servicers, Fitch analysts run the data through various internal algorithms that identify classes of a transaction as possible candidates for upgrade or downgrade. Fitch's analysts scrutinize the output to decide which deals need an in depth review, which are classified as 'under analysis', and those deals with no significant changes, which can be given a SMARTView date.
To review a list of deals 'Under Analysis', use the following link: www.fitchratings.com/smartview
SMARTView is available on the Fitch Ratings web site at www.fitchratings.com, along with the report titled 'SMARTView, Fitch U.S. Structured Finance Monthly Public Reviews'.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.
News Source : http://www.marketwatch.com/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment