Fitch Ratings announced that  it  is  to  assign Loss Severity (LS) ratings to structured finance  deals. 

This is the  latest  in a series of steps by the rating agency to enhance the quality and transparency of its credit ratings, LS  ratings  are  made to complement traditional debt ratings, giving an indication of the relative degree of risk that a security might suffer a high loss severity in the event that the security defaults.

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