Fitch takes shots at booming whole business ABS

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By Max Adams
10 Dec 2019

Fitch Ratings this week issued an unsolicited commentary on the whole business securitization market, a sector that has grown rapidly and which the agency sees as luring investors with “overstated benefits” despite investment grade ratings.

Whole business ABS has boomed in 2019, hitting an all-time record of 12 deals for a total of nearly $9bn. Many of these have been from veteran issuers, including Domino’s Pizza and Dunkin' Brands, but a number of the active names in 2019 have been first timers ...

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