Category: ABS Regulation
Previous Story Next Story
PREMIUM CONTENT
Regular in-depth analysis, in addition to SCI’s usual news stories
To continue, you need to upgrade your subscription to access this article and all Premium content reports.
Existing Subscribers contact Tauseef Asri: ta@structuredcreditinvestor.com
Not yet registered?
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 of the counterparty.
Not yet registered?