Moodys Still Tops in 2011 ABS Ratings, MBS Market Turns to Single Ratings
October 7, 2011
Moodys Investors Service continued to rank as the top credit rating agency in the non-mortgage ABS market, putting its stamp on 66.9 percent of dollar volume of deals issued in the first half of the year, according to a new Inside MBS & ABS analysis. Moodys was particularly strong in the vehicle finance and business loan sectors, with market shares approaching 75.0 percent in both categories. The company showed relatively little interest in the student ABS market, but ranked second in rating credit card deals. Standard & Poors ranked second overall with a 58.3 percent share of ABS ratings. That included a near...(Includes two data charts)