The surprise merger between Fitch IBCA and Duff & Phelps Credit Rating Co. - such a surprise that a senior structured finance pro at one of the firms confessed to being "shocked" - was welcomed by many in the securitization market.

While structured finance is a only one part of the whole merger - though an important part - asset backed analysts and market players suggested that with the merged firm being able to compete more effectively with Moody's Investors Service and Standard & Poor's there will be an increase in competition, despite there being one less agency.

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.