Fitch Ratings has added three new members to its growing ABS group, Les Scharfstein, David Petu and Kevin Corrigan. "Each brings a wealth of securitization experience and industry-wide recognition to our already well-seasoned team," said Kevin Duignan, head of Fitch's ABS group.

In the past year, the rating agency has added more than 15 new hires to its ABS team. Reflecting the growth of the market, Fitch's is expanding its presence in the industry, most significantly in the auto and ABCP sectors, a release from the rating agency said. "The addition of Les, David and Kevin further demonstrates our commitment to a high quality analytical team and confirms why investors have come to recognize Fitch as the rating agency of choice in the structured finance market," Duignan noted.

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