Moodys Ranked as Top Rating Service in ABS Market, But Last in Non-Agency MBS
February 9, 2012
Moodys Investor Services ranked as the most active rating service in the non-mortgage ABS market last year, but finished 2011, as the least involved in non-agency MBS activity, according to a new Inside MBS & ABS ranking and analysis. Moodys rated a total of $89.3 billion of non-mortgage ABS last year, or 70.4 percent of total issuance. That was up from a 53.7 percent share in 2010, when Moodys rated some $58.9 billion and finished second to Standard & Poors. Moodys strengths in 2011 were in the credit card, vehicle finance and business loan sectors, capturing over 70.0 percent of each of those...