U.S. ABCP Little Affected By Bank Downgrades

20 Oct 2011

Recent rating actions on global banks have had little impact on U.S. asset-backed commercial paper, according to Fitch Ratings.

Recent rating actions on global banks have had little impact on U.S. asset-backed commercial paper, according to Fitch Ratings. “Financial institution rating actions have only affected ABCP ratings for six vehicles supported by three different banks,' said Kevin Corrigan, a Fitch director. “Future ABCP rating actions, if taken, ...

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