EIF Staff Paper, "Securitization of loans: The Agencies' Rating Approaches"

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

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