Fitch launches structured finance index of rating change

Fitch Ratings will present its new European structured finance index of rating change in a teleconference on Tuesday November 28 at 15:00 GMT.

The new index takes a weighted approach to assessing the impact of rating changes in the European structured finance market. Rather than using a straightforward count of the numbers of upgrades and downgrades, the index weights rating actions by the value of the affected tranche outstanding. It also provides an estimate of the change in the weighted

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