The securitization of SME loans becomes more and more important. Mostly, the transactions are rated by at least one - but often by two or three - of the rating agencies Moody's, Standard & Poor's and Fitch. Their rating approaches are fundamentally different, hence this article describes and compares them
Article written in German by Markus Schmidtchen and Dr. Helmut Krämer-Eis.
Publication: Kredit & Rating Praxis - 06/02