01.05.2014 23:03:00
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Moody's comments on its global process for withdrawing ratings on Consumer ABS backed by small residual pools
Paris, May 01, 2014 -- In a Special Comment published today, Moody's Investors Service details its global process to determine the minimum number of borrowers in the pools underlying consumer asset-backed securities (ABS) below which excessive exposure to the idiosyncratic credit risk of a few borrowers may prevent Moody's from assigning or maintaining ratings. The report is an update of a previously published version, which described the process for RMBS transactions only.