Morningstar says ratings shopping 'alive and well', joins ABS market

ABS East
By Ryan Bolger
24 Sep 2014

Morningstar Credit Ratings is set to join the ABS rating market after publishing its methodologies this week, but it remains to be seen whether more competition among agencies will improve the rating system.

Recent regulations left out rating shopping by originators of structured products and the practice remains “alive and well”, Morningstar Credit Ratings head credit officer Calvin Wong said during a panel discussion at ABS East 2014 in Miami on Tuesday.

“Out of every ...

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