Rule 17g-5 could be enhanced to offer structured finance buyers with more transparency on the rating agency selection process, according to a comment letter Fitch Ratings is submitting to the Securities and Exchange Commission. (SEC).

Fitch recommended that Rule 17g-5, which was designed to provided hired and non-hired credit rating agencies access to the same level of data, be enhanced so that these agencies are required to list publicly on their Web sites all structured finance deals that they have been engaged to provide feedback, regardless of whether the agency is ultimately asked to rate the offering.

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