The case for the defence
Although the smallest of the big three agencies, Fitch Ratings is often perceived as the one that reacts fastest to market developments. Sarfraz Thind talked to Glenn Costello, co-head of US RMBS at Fitch in New York
It has been said that rating agencies didn't receive sufficient or robust enough information on mortgage-backed structured credit to make informed ratings. In those cases, would it have been more apt for the agencies not to have assigned a rating at all? Are you requiring more data now?
We do rely on information provided by third parties and (to the degree the information is correct) we do believe
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