In a just-released report, Fitch Ratings said that one-in-three rating proposals for new structured finance transactions need considerable changes before these offerings can be rated.

According to a release from the agency, since  launching its Transaction Filtering Committees (TFCs) in 2009, it has  gotten  849 preliminary SF rating proposals. The agency said that 31.5% of these preliminary deals had substantial credit or structural issues that had to be addressed before the rating process can start. Additionally, the rating agency has also rejected nearly one in 10 proposals outright, after designating them as unrateable.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.