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Further ratings reviewed on margin requirements
Monday 4 September 2017 14:17 London/ 09.17 New York/ 22.17 Tokyo
Fitch has placed 38 ABS tranches on rating watch negative, due to the reduced likelihood of counterparty replacement, resulting from new two-way margin posting requirements (SCI passim). The rating agency notes that one of its key considerations is the ability to replace a counterparty following their downgrade below defined trigger levels and a key factor in achieving ratings above that ... showing 60 out of 468 words of this article
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