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More managers to drop Fitch rating as regulators crack down on ratings shopping?

A number of CSO managers are likely to follow BlackRock's move in seeking to drop Fitch ratings from deals at risk of downgrade, according to market sources. That is, if regulators do not stop them first.

IOSCO last week published its final report containing amendments to the Code of Conduct Fundamentals for Credit Rating Agencies (CRA).

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