Fitch Reacts To ABS SEC Rule

23 Apr 2010

Fitch Ratings will not rate new asset-backed securities unless originators notify the agency they have fully complied with the U.S. Securities and Exchange Commission’s new 17g-5 rules.

-- Daniel O’Leary

Fitch Ratings will not rate new asset-backed securities unless originators notify the agency they have fully complied with the U.S. Securities and Exchange Commission’s new 17g-5 rules. Ian Linnell, global head of structured finance and covered bonds at Fitch, said the U.S. regulations will apply globally. ...

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