Fitch Ratings launched its issuer report grades (IRGs) for European ABCP conduits. The grades indicate the quality of post-issuance performance reports for the European ABCP conduits publicly rated by the rating agency.

"The  aim  of  this  initiative  is to enhance the quality of post-issuance reporting  standard  in  this  sector,"  says  Andy  Brewer,  head  of EMEA structured  finance  performance analytics at the rating agency. "When Fitch rolled out IRGs for European structured finance the grades had an immediate positive impact on transparency in the sector; we expect a similar impact in the ABCP sector."

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