Fitch Ratings has initiated new seller/servicer ratings on five prominent U.S. card issuers: First National Bank of Omaha, HSBC Finance Corp., MBNA America Bank, The Metris Companies and Providian National Bank. These companies service a total of $103 billion in receivables for 143 Fitch rated transactions. Fitch acknowledges the importance of seller/servicer operations in asset-backed securities performance and ultimately in its credit rating process.
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