A story in last week's ASR incorrectly described a study cited by Moody's Investors Service during the opening session at the ABS East conference. The story should have indicated that, of 1900 issuers surveyed, about 94% responded, 87% of which had ratings triggers. Of the 87% percent with ratings triggers, about 22.5% did not disclose the triggers in their filings with the Securities & Exchange Commission.
Last week's story on The Finance Company intended to indicate that WestLB will underwrite three additional auto deals for three distinct issuers before yearend. TFC, an annual issuer, will not likely be in the market until next year.