Wednesday, July 2, 2008

Fitch Proposals for Complementary Ratings and Indicators to Structured Finance Ratings

Fitch Ratings has announced potential new rating scales and indicators for global structured finance (SF). The agency emphasized that the proposed new scales and indicators would complement, not replace, its existing SF rating scale.

In an exposure draft entitled, 'Fitch Proposals for Complementary Ratings and Indicators to Structured Finance Ratings' the agency called for feedback regarding its proposals. The proposals are the culmination of an exercise to devise new measures to add value for investors. The additional indicators are designed to improve transparency for users of SF ratings and provide market participants with additional information regarding rated securities. Additionally, the proposals seek to address any perceived shortcomings of SF ratings.

The agency is seeking feedback on its proposals over the next 30 days. It will then review feedback and decide which, if any, of the proposals should be pursued further. Any comments should be sent to sffeedback@fitchratings.com by 1 August 2008.

See full report

If you have trouble viewing the report, please follow this link.
http://www.fitchratings.com/corporate/reports/report_frame.cfm?rpt_id=391528

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