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News > Rating Agency > Fitch Ratings
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  •  
  • U.S. Residential Mortgage Re-REMIC Criteria
    This report summarizes Fitch Ratings' current criteria used for analyzing credit risk in the issuance of new securities that are backed by securities of U.S. residential mortgages. The term used to refer to the new securitization of one or more real ...more
    Fitch Ratings (8/20/2009)
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  • Fitch: Lehman Legal Challenge May Have Varying Impact on Global Structured Finance
    Ratings on global structured finance transactions with material derivative exposure to U.S. based counterparties may be adversely affected by pending litigation related to the Lehman Brothers bankruptcy filing, according to Fitch Ratings. Related cases ...more
    Fitch Ratings (8/14/2009)
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  • Off-Balance Sheet Accounting Changes: SFAS 166 and SFAS 167
    On June 12, 2009, the Financial Accounting Standards Board published two new accounting standards (Statement of Financial Accounting Standard [SFAS] 166 and SFAS 167) that determine whether securitizations and other transfers of financial ...more
    Fitch Ratings (6/22/2009)
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  • FASB/IASB Proposed Changes on Financial Statement Presentation: Is It Time for Change?
    Investors and analysts have a new financial statement presentation format to ponder. A proposed overhaul of current financial statements was unveiled by standard-setters in October 2008. The currently proposed format would radically change the ...more
    Fitch Ratings (5/12/2009)
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  • FASB Impairment and Fair Value Proposals - More Disclosures Would Benefit Investors
    The Financial Accounting Standards Board (FASB) recently proposed modifications to U.S. generally accepted accounting principles (GAAP) that will change the method for determining whether an investment is other-than-temporarily impaired  ...more
    Fitch Ratings (3/31/2009)
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  • Australian Structured Finance 2009 Outlook
    Throughout 2008 the global financial crisis was slow to materialise in Australia and on the whole, the Australian economy performed well. GDP growth stood at 2.4% for the year and unemployment finished the year at 4.6% (near 30 year low levels). ...more
    Fitch Ratings (3/27/2009)
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  • Proposed Basel II Amendments to Impact Structured Finance, Particularly ABCP
    Fitch Ratings says today that new proposals for updating the Basel II framework would impact structured finance globally and the asset-backed commercial paper (ABCP) market in particular. The proposals, published last month by the Bank for International ...more
    Fitch Ratings (2/18/2009)
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  • Ensuring Reliability and Transparency in the Ratings Process
    The unprecedented events that have taken place illustrate the sensitivity and interdependence of credit events on the world's financial markets. As market conditions have evolved, Fitch Ratings has taken numerous steps to enhance the quality and ...more
    Fitch Ratings (2/12/2009)
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  • Outlook for Securitisation in China
    There is great demand for securitisation in China both from issuers and investors in the capital markets. The securitisation market has developed steadily over the past three years, yet the pace of development has been slower than expected. ...more
    Fitch Ratings (11/5/2008)
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  • TARP Impact Positive for Financial Institutions
    Fitch believes the US Dept of Treasury proposal dubbed TARP (Troubled Asset Relief Plan) is important for the health and recovery of the US financial markets as a whole. At the same time, Fitch recognizes several pre-emptive regulatory actions that ...more
    Fitch Ratings (10/10/2008)
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  • Ups and Downs in Asia's Main Securitisation Markets - A Mid-Year Review for Korea, Singapore and China
    Thus far in 2008 non-Japan Asia has issued and closed fourteen cross-border transactions. This slightly exceeded the deal volume during the same period in 2007 when eleven cross-border transactions closed. Transactions in 2007 featured CMBS ...more
    Fitch Ratings (9/8/2008)
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  • ABCs of U.S. Covered Bonds
    This report provides a brief introduction to covered bonds, how they compare to U.S. residential mortgage−backed securities (RMBS) and what factors issuers and investors should analyze when considering covered bonds issued in the U.S. The report ...more
    Fitch Ratings (9/3/2008)
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  • Global Rating Criteria for Project Finance Collateralised Debt Obligations
    This criteria report details Fitch Ratings?f quantitative and qualitative methodology for analysing the credit risk of portfolios of project finance (PF) loans. PF collateralised debt obligations (CDOs) reference non?]recourse financing of longterm ...more
    Fitch Ratings (8/18/2008)
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  • Fitch Upgrades CentreStar's ABCP To 'F1+' On Move To Full Support
    ( National Australia Bank )
    Fitch Ratings has today upgraded the rating for the commercial paper (CP) issued by CentreStar Capital No. 1 LLC and CentreStar Capital (Europe) Ltd. (together, CentreStar) to 'F1+' from 'F1' following a programme restructure to fully support the ...more
    (8/15/2008)
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  • Unstructuring Structured Finance: A Closer Look at Loan-Level and Pool-Level Credit Quality Indicators
    This report provides a macro view of metrics useful in evaluating the fundamental credit quality of securitized assets, both from loan-level and pool-level perspectives. The focus is on several major asset classes underlying U.S. structured finance ...more
    Fitch Ratings (7/23/2008)
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  • Fair Value Disclosures: A Reality Check
    The need for better fair value disclosures is an important part of the ongoing fair value debate. Fitch's analysts sometimes have the opportunity to talk to managements about issues that are not in the public domain, and the degree of reliability and ...more
    Fitch Ratings (6/26/2008)
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  • Stressless Securitisation
    Although there was a substantial decline in public issuance in the first quarter of 2008 compared to the same period last year, it is of note that securitisation activity is continuing, albeit at a slower pace, but using different distribution channels. ...more
    Fitch Ratings (6/26/2008)
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  • Basel II Correlation Values: An Empirical Analysis of EL, UL and the IRB Model
    This report provides an empirical study of the Basel II asset value correlation assumptions for the internal ratings-based (IRB) approach. By statistically analyzing empirical loss data within the context of the IRB modeling framework, Fitch Ratings is ...more
    Fitch Ratings (5/19/2008)
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  • Increased Interest in Insurance Linked Securitisation
    Fitch Ratings has said today that although Insurance Linked Securitisation (ILS) is by no means new, this asset class is receiving increased attention from issuers. Potential insurance issuers and structurers have shown renewed interest ...more
    Fitch Ratings (5/8/2008)
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  • European Structured Finance Market Active despite Challenging Conditions
    Fitch Ratings has said today that despite the current market conditions and lack of investor appetite, the continental European structured finance market has remained surprisingly active during the first quarter of 2008, mainly driven by the ...more
    Fitch Ratings (4/30/2008)
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  • Fair Value Accounting: Is It Helpful In Illiquid Markets?ÿ
    Volatile financial market conditions have caused many reporting financial institutions to call for a relaxation of fair value accounting, allowing issuers the option of changing from fair value to historical cost accounting. In Fitch Ratings' ...more
    Fitch Ratings (4/28/2008)
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  • Fitch Ratings 1991-2007 Global Structured Finance Transition and Default Study
    This research study analyzes in depth the rating transition and default experience of global structured finance securities rated by Fitch Ratings in 2007, as well as over the period from 1991-2007. Rating migrations are examined across the major ...more
    Fitch Ratings (4/18/2008)
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  • The Difference Between Traditional ABCP Conduits and SIVs
    Theÿ secondÿ halfÿ ofÿ 2007ÿ provedÿ highlyÿ eventfulÿ forÿ theÿ creditÿ markets.ÿ Asÿ fearsÿ ofÿ USÿ subprimeÿ exposureÿ resultedÿ inÿ aÿ widespreadÿ liquidityÿ crisis,ÿ programmesÿ suchÿ asÿ assetðbackedÿ commercialÿ paperÿ (ABCP)ÿ conduitsÿ andÿ ...more
    Fitch Ratings (4/10/2008)
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  • The Impact of Poor Underwriting Practices and Fraud in Subprime RMBS Performance
    Residential mortgage-backed securities (RMBS) issued in 2006 and 2007, backed by pools of subprime mortgages, are substantially underperforming initial performance expectations, resulting in ratings downgrades and heightened risk of principal ...more
    Fitch Ratings (11/28/2007)
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  • Asset-Backed Commercial Paper & Global Banks Exposure - 10 Key Questions
    Banks, acting as sponsors of Asset-Backed Commercial Paper (ABCP) programmes have been at the epicentre of a rapidly developing storm in the commercial paper market. The root cause for this disruption can be traced back to the US subprime mortgage ...more
    Fitch Ratings (9/12/2007)
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  • Limited Direct Impact on Asia-Pacific Banks from Subprime Exposure
    Fitch Ratings has reviewed the exposures of most of its rated Asia-Pacific banks to US subprime-backed structured securities and found that direct exposures are low, generally amounting to just a few percent of the investing ...more
    Fitch Ratings (8/22/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Subprime Mortgage Fallout Trickles to CDOs of REIT TruPS. Fitch recently placed the junior classes of notes from six collateralized debt obligations primarily backed by trust preferred securities issued by real estate investment trusts ...more
    Fitch Ratings (8/21/2007)
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  • Global Criteria Change for U.S. Structured Finance CDOs Reflects Heightened Subprime Risks
    Fitch has revised its methodology for rating structured finance collateralized debt obligations (SF CDOs) to reflect the increased risk associated with subprime residential mortgage-backed securities (RMBS) as portfolio collateral. The ...more
    Fitch Ratings (8/15/2007)
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  • Inside the Ratings: What Credit Ratings Mean
    Fitch's credit ratings provide an independent, timely and prospective opinion on the creditworthiness of an entity or transaction. Fitch has built a reputation for insightful research and analytical excellence and has developed many different ...more
    Fitch Ratings (8/7/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Fitch Puts 19 SF CDOs on Watch Negative. Fitch has placed thirty-three classes from 19 structured finance (SF) CDOs on Rating Watch Negative (RWN) for ...more
    Fitch Ratings (7/17/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Hedge Funds' Influence Loom over Structured Credit Markets. Hedge funds' influence in both the cash and credit derivatives markets has been accelerating in ...more
    Fitch Ratings (6/12/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Fitch U.S. SF Ratings Show Strong Performance. U.S. structured finance (SF) ratings capped a healthy year in 2006 with upgrades outpacing downgrades. Rating ...more
    Fitch Ratings (5/15/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Fitch Sheds Light on First Generation CPDOs. Constant proportion debt obligations (CPDOs) are one of the latest innovations to enter the structured credit ...more
    Fitch Ratings (4/24/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Credit default swap (CDS) spreads have reversed course from the pattern of ever tightening spread levels experienced throughout 2006 ...more
    Fitch Ratings (4/3/2007)
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  • Fitch: European RMBS Shrugs Off UK Sub-Prime Challenges
    Fitch Ratings says that the UK RMBS market continues to be at the forefront of European RMBS issuance growth despite some concerns regarding ...more
    Fitch Ratings (3/21/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Synthetic Index Reflects Slight Credit Deterioration. Derivative Fitch's proprietary Synthetic Index saw some credit deterioration from the period ...more
    Fitch Ratings (3/14/2007)
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  • Fitch: Stable Performance Continues in Q406 for European Auto ABS
    Fitch Ratings says today that European auto ABS securitisation deals have continued their stable performance in Q406. In Fitch's latest quarterly auto ...more
    Fitch Ratings (3/12/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Derivative Fitch has launched a beta version of its proprietary VECTOR model for collateralized commodities obligations (CCO). The beta model ...more
    Fitch Ratings (2/13/2007)
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  • 2007 Franchise Loan Outlook and 2006 Performance Review
    Fitch Ratings' 2007 outlook for the franchise loan sector remains negative, indicating that downgrades are expected to exceed upgrades. That said, ...more
    Fitch Ratings (2/5/2007)
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  • Term ABS Credit Action Report: December 2006 and Full Year Summary
    This report highlights credit trends and rating actions taken by Fitch Ratings in the nonmortgage term asset-backed securities (ABS) market ...more
    Fitch Ratings (1/31/2007)
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  • Credit Card Movers & Shakers
    The use of revolving credit, as measured by the Federal Reserve, increased by 11.9% in November. While this can be partially attributed to ...more
    Fitch Ratings (1/31/2007)
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  • The ABCP Paper Trail
    Asset-backed commercial paper (ABCP) issuance had a strong finish for 2006, with December month-end outstandings equaling $1,075 billion and ABCP ...more
    Fitch Ratings (1/26/2007)
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  • FitchRatings - CDOpinions: Credit Trends and News
    CDOs of Project Finance Loans Gain Traction. Interest for synthetic balance sheet CDOs that reference project finance loans has been increasing and ...more
    Fitch Ratings (1/23/2007)
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  • Rating U.S. Auto Loan ABS Seller/Servicers
    This auto loan asset-backed securities (ABS) criteria report summarizes the principal factors considered in Fitch Ratings' review of auto loan ...more
    Fitch Ratings (1/22/2007)
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  • ResiLogic: U.S. Residential Mortgage Loss Model Technical Document
    This report summarizes the technical details underlying the creation of ResiLogic, Fitch Ratings' new rating model for analyzing credit risk within ...more
    Fitch Ratings (1/18/2007)
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  • The Student Loan Report Card
    On Dec. 11, 2006, Fitch Ratings published its annual outlook "2007 Global Structured Finance Outlook: Economic and Sector-by-Sector Analysis." ...more
    Fitch Ratings (1/17/2007)
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  • Student Loan Quarterly
    Fitch Ratings (1/17/2007)
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  • Rating U.S. Auto Lease-Backed Securitizations : An Update
    Financing consumer purchases of vehicles through the use of leasing continues to be an important segment of the overall retail automobile ...more
    Fitch Ratings (1/16/2007)
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  • Empirical Examination of Drivers of Default Risk in Prime Auto Loans
    This study investigates the empirical drivers of default risk in the case of U.S. prime auto loans. In addition to determining the statistical drivers ...more
    Fitch Ratings (1/4/2007)
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  • Rating U.S. Tobacco Settlement Asset-Backed Bonds
    The issuance of tobacco settlement bonds has risen in the past few years despite the continuing decline in tobacco consumption, the wide range of ...more
    Fitch Ratings (1/3/2007)
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  • Credit Card Movers & Shakers
    In maintaining the federal funds rate at 5.25% on Dec. 12, 2006, the Federal Open Market Committee acknowledged a substantial cooling in the housing ...more
    Fitch Ratings (12/29/2006)
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  • In The Auto ABS Driver's Seat
    Prime auto asset-backed securities (ABS) performance was relatively flat in November with Fitch Ratings' 60 days or more delinquency index remaining ...more
    Fitch Ratings (12/28/2006)
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  • Understanding the Risks in Dealer Floorplan ABS - An Inventory Check
    The securitization of dealership inventory financing known as dealer floorplan asset-backed securitizations (ABS) is a niche asset class within ...more
    Fitch Ratings (12/20/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    CDS Usage Runs Full Speed. The breadth of entities referenced in the credit default swap (CDS) market continues to increase in 2006. The average ...more
    Fitch Ratings (12/19/2006)
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  • Term ABS Credit Action Report: November 2006
    This report highlights credit trends and rating actions taken by Fitch Ratings in the nonmortgage term asset-backed securities (ABS) market during ...more
    Fitch Ratings (12/19/2006)
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  • The ABCP Paper Trail
    The month-end asset-backed commercial paper (ABCP) figure stands at $1,032 billion with ABCP issuance as a percentage of total U.S. commercial paper ...more
    Fitch Ratings (12/18/2006)
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  • Empirical Examination of Drivers of Default Risk in Prime Auto Loans
    This study investigates the empirical drivers of default risk in the case of U.S. prime auto loans. In addition to determining the statistical ...more
    Fitch Ratings (12/15/2006)
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  • Non-Japan Asia Structured Finance 2007 Outlook Stable; Singapore RMBS, Korea ABS Lead Issuance
    Fitch Ratings said in an outlook report published today that non-Japan Asia structured finance issuance will continue to be driven by the real ...more
    Fitch Ratings (12/12/2006)
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  • 2007 Global Structured Finance Outlook: Economic and Sector-by-Sector Analysis
    In this special report, Fitch Ratings' structured finance ("SF") teams consider the 2007 ratings and asset performance outlook in global SF on a ...more
    Fitch Ratings (12/11/2006)
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  • Credit Card Movers & Shakers
    Real third-quarter gross domestic product (GDP) grew 2.2%, compared with 2.6% in the second-quarter. While growth was higher than originally ...more
    Fitch Ratings (11/30/2006)
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  • In The Auto ABS Driver's Seat
    Prime Performance Review. Fitch Ratings' 60 days or more delinquency index improved marginally in October to 0.53%, down from 0.55% in ...more
    Fitch Ratings (11/30/2006)
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  • Fitch Global Structured Finance 1991-2005 Default Study
    This new study broadens Fitch Ratings' global rating performance data and analysis. It includes a first and important look at historical ...more
    Fitch Ratings (11/28/2006)
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  • The ABCP Paper Trail
    With month-end asset-backed commercial paper (ABCP) standings topping $1 trillion ($1,008.9 billion), ABCP issuance as a percentage of total U.S. commercial ...more
    Fitch Ratings (11/16/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Analyzing Commodities-Linked Credit. Obligations Commodities-linked credit obligations (CCOs) have generated much interest in the global ...more
    Fitch Ratings (11/15/2006)
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  • Fitch: China Economy Resilient To U.S. Slowdown; Securitisation Market To Take Off in 2007
    Fitch Ratings today said that it is optimistic that China's strong economic growth will continue into 2007, though at a more moderate pace. Based on ...more
    Fitch Ratings (11/14/2006)
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  • Term ABS Credit Action Report: October 2006
    This report highlights credit trends and rating actions taken by Fitch Ratings in the nonmortgage term asset-backed securities (ABS) market during ...more
    Fitch Ratings (11/14/2006)
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  • Interest Rate Risk in Structured Finance Transactions - British Pound Sterling Libor
    Fitch Ratings announces new structured finance interest rate stress criteria for transactions involving interest rate exposures to British pound sterling ...more
    Fitch Ratings (11/1/2006)
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  • Interest Rate Risk In Structured Finance Transactions - Euribor
    Fitch Ratings announces new structured finance interest rate stress criteria for transactions involving interest rate exposures involving Euribor. ...more
    Fitch Ratings (11/1/2006)
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  • Borrower Benefits in FFELP: Student Loan ABS Cash Flow Considerations
    The proliferation in the quantity and types of borrower benefit programs offered by issuers who finance student loans in the asset-backed securities (ABS) ...more
    Fitch Ratings (10/31/2006)
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  • Credit Card Movers & Shakers
    The Fitch Ratings card performance indices continue to exhibit strong and stable performance, in line with the slowing growth of the U.S. economy. ...more
    Fitch Ratings (10/26/2006)
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  • In The Auto ABS Driver's Seat
    Prime Performance Review. Fitch's delinquency index of 60 days or more produced marginally weaker results in September, rising to 0.55% from 0.54% in August. ...more
    Fitch Ratings (10/25/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Derivative Fitch Takes Center Stage. Fitch Ratings has launched Derivative Fitch, a wholly-owned subsidiary and specialist rating agency, ...more
    Fitch Ratings (10/24/2006)
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  • The ABCP Paper Trail
    With asset-backed commercial paper (ABCP) standings climbing to $993.1 billion at the end of September, ABCP issuance as a percentage of ...more
    Fitch Ratings (10/19/2006)
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  • Fitch Ratings Launches New Rating Agency, Derivative Fitch
    ( First Rating Agency Dedicated Exclusively to the Credit Derivatives Markets )
    Fitch Ratings today announced the launch of Derivative Fitch, the first specialist rating agency designed to provide the credit derivatives market ...more
    Fitch Ratings (10/18/2006)
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  • Student Loan Quarterly
    Fitch Ratings (10/17/2006)
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  • U.S. Credit Card ABS Rating Criteria and Validation Study
    This report provides investors with an overview of the credit card industry, describes the various financing methods used by credit card debt ...more
    Fitch Ratings (10/17/2006)
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  • Rating U.S. Credit Card ABS Seller/Servicers
    This credit card asset-backed securities (ABS) criteria report is supplemental to Fitch Research on "Rating U.S. ABS Seller/Servicers" (dated April 20, 2006, ...more
    Fitch Ratings (10/17/2006)
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  • Fundamentals of Asset-Backed Extendible Notes
    As the search for alternative sources of liquidity continues to drive structural innovation in the asset-backed commercial paper (ABCP) market, the use of ...more
    Fitch Ratings (10/16/2006)
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  • The Student Loan Report Card
    New Basis Risk Stress. Fitch has finalized its new basis risk stress criteria for USD London Interbank Offered Rate (LIBOR)-indexed securitizations ...more
    Fitch Ratings (10/16/2006)
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  • Term ABS Credit Action Report: September 2006
    This report highlights credit trends and rating actions taken by Fitch Ratings in the nonmortgage term asset-backed securities (ABS) market during ...more
    Fitch Ratings (10/12/2006)
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  • Credit Card Movers & Shakers
    Macroeconomic indicators remained essentially unchanged during the most recent reporting period. However, the use of revolving credit, as measured ...more
    Fitch Ratings (9/29/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Credit Derivative Indices Top Growth. Index-based investment vehicles, are leading the charge in the credit derivatives arena, with the total ...more
    Fitch Ratings (9/28/2006)
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  • Global Credit Derivatives Survey: Indices Dominate Growth as Banks' Risk Position Shifts
    Fitch Ratings comments on the prospects for continued market growth, key trends, and opportunities and challenges facing the credit derivatives ...more
    Fitch Ratings (9/21/2006)
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  • The ABCP Paper Trail
    With asset-backed commercial paper (ABCP) standings climbing to $966.4 billion at the end of August, ABCP issuance as a percentage of total U.S. ...more
    Fitch Ratings (9/18/2006)
  •  
  • Term ABS Credit Action Report: August 2006
    This report highlights credit trends and rating actions taken by Fitch Ratings in the nonmortgage term asset-backed securities (ABS) market during ...more
    Fitch Ratings (9/15/2006)
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  • Basis Risk In Structured Finance Transactions: T-Bill, CP, and Prime versus USD LIBOR
    Fitch Ratings announces new structured finance basis risk stress criteria for securitizations involving USD London Interbank Offered Rate (LIBOR). ...more
    Fitch Ratings (9/15/2006)
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  • Legal Uncertainty in Emerging Market Transactions
    Asset securitisation is becoming an important financing tool in many emerging markets. There are several challenges associated with the growth of ...more
    Fitch Ratings (9/13/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Emerging Market Synthetic Balance Sheet CLOs Surface. Synthetic balance sheet collateralized loan obligations (CLOs) that reference emerging ...more
    Fitch Ratings (9/12/2006)
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  • Rating Adjustment Table for ABCP Programs with Eligible Liquidity Facilities
    facilities provided to asset-backed commercial paper (ABCP) programs, some ABCP issuers have been amending the funding outs under their liquidity facilities ...more
    Fitch Ratings (9/5/2006)
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  • ABX.HE CDS Index: Study of Available Funds Cap Risk in ABS CDS
    Fitch studied the propensity for home equity loan asset-backed security (HEL ABS) bonds to trigger an unreimbursed available funds cap (AFC) shortfall ...more
    Fitch Ratings (8/31/2006)
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  • In The Auto ABS Driver's Seat
    Prime Performance Review. Delinquencies and losses both exhibited slowing performance during July. Delinquencies of 60 days or more on prime auto ...more
    Fitch Ratings (8/31/2006)
  •  
  • Credit Card Movers & Shakers
    Although consumer spending and economic growth may be slowing, reliance on revolving credit is growing. The growth rate for revolving consumer credit ...more
    Fitch Ratings (8/31/2006)
  •  
  • Credit Card Movers & Shakers
    Although consumer spending and economic growth may be slowing, reliance on revolving credit is growing. The growth rate for revolving consumer credit ...more
    Fitch Ratings (8/29/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    TRUPS CDOs Hit Call Periods. A number of collateralized debt obligations that reference trust preferred securities (TRUPS CDO) are hitting their ...more
    Fitch Ratings (8/22/2006)
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  • The ABCP Paper Trail
    Growth of the asset-backed commercial paper (ABCP) market continued during July with outstandings ascending to a month-end $931.9 billion, ...more
    Fitch Ratings (8/11/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Stability Scores Take Center Stage. Fitch has formally rolled out stability scores for corporate synthetic collateralized debt obligations. ...more
    Fitch Ratings (8/8/2006)
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  • Fitch Introduces CDO Rating Stability Scores
    Fitch Ratings today launched Stability Scores for synthetic CDOs. The scores are designed to provide a better understanding of the prospective ...more
    Fitch Ratings (8/2/2006)
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  • U.S. Credit Card ABS Rating Criteria and Validation Study
    This report provides investors with an overview of the credit card industry, describes the various financing methods used by credit card debt ...more
    Fitch Ratings (8/1/2006)
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  • The ABCP Paper Trail
    Growth of the asset-backed commercial paper (ABCP) market continued during June, with outstandings ascending to a month-end $919.5 billion, an increase ...more
    Fitch Ratings (7/31/2006)
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  • In The Auto ABS Driver's Seat
    Prime Performance Review. Delinquencies on prime auto loan asset-backed securities (ABS) continued to exhibit stable performance during June. Fitch Ratings' ...more
    Fitch Ratings (7/31/2006)
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  • Credit Card Movers & Shakers
    In May, revolving consumer credit use grew 9.91%, the largest amount since September 2004, while the personal savings rate declined 0.1% to ...more
    Fitch Ratings (7/31/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    RAP CD Makes Debut. Fitch has formally launched Risk Analytics Platform for Credit Derivatives (RAP CD), a subscription-based mark-to-model ...more
    Fitch Ratings (7/25/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Fitch Rolls Out Recovery Ratings for CLOs Fitch is revamping its criteria for rating collateralized loan obligations to incorporate its Recovery Ratings. ...more
    Fitch Ratings (7/11/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Pros Ponder Loan Mart's Future. Loan market pros converged at Reuter's corporate headquarters in New York City on May 24th for a joint Fitch ...more
    Fitch Ratings (6/6/2006)
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  • European Auto ABS Sees Positive Q106 Performance
    Performance trends in the first quarter of 2006 were positive, with delinquencies and net losses remaining stable. The excess spread index reverted to ...more
    Fitch Ratings (6/6/2006)
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  • China Securitisation - Are SAMPs Really an Easier Way?
    The Specific Asset Management Plan ("SAMP") was introduced to the market in May 2005 under an interim rule constituted by the Chinese Security Regulatory ...more
    Fitch Ratings (5/24/2006)
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  • FitchRatings - CDOpinions: Credit Trends and News
    Fitch's Synthetic Index reflected stable credit quality during the first quarter of 2006. There has been limited deterioration despite the Dana Corp. ...more
    Fitch Ratings (5/23/2006)
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  • Fitch Releases International Structured Finance Rating Comparability Study
    Fitch Ratings has completed a broad survey of Standard and Poor's, Moody's Investors Service, and Fitch's rating distributions on structured finance ...more
    Fitch Ratings (5/17/2006)
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  • CDO Investor Base to Grow in Taiwan
    Fitch Ratings today said that the growth of the CDO investor base in Taiwan would likely accelerate over the next two years, citing low yields on domestic ...more
    Fitch Ratings (5/11/2006)
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  • UK Credit Card Market Under Stress
    Fitch Ratings says the UK credit card industry is in a stressed environment and that there have been several base case breaches in the UK credit card trusts ...more
    Fitch Ratings (5/5/2006)
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  • Calculation Errors in European Structured Finance
    The recent discovery of errors by Preferred Mortgages Ltd. in its role as cash/bond administrator ("CBA") was the latest in an increasingly prevalent ...more
    Fitch Ratings (5/3/2006)
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  • Is Asia Ready For Managed Synthetic CDOs?
    Fitch Ratings today said that the Asian market is seeing a growing shift towards managed synthetic collateralised debt obligations ("CDOs") similar to the ...more
    Fitch Ratings (5/3/2006)
     

     

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