Since launching its Issuer Report Grades ("IRGrades") in November 2004, Fitch Ratings has found a noticeable improvement in the quality of post-issuance reporting for European structured finance (ESF) transactions. "A wide range of issuers from across all the asset classes in ESF have approached us for guidance on how to improve their reports and earn a higher IRGrade," said Vas Kosseris, senior director at Fitch.     

IRGrades are aimed at identifying and maintaining good reporting practices while encouraging improvement in issuer report standards not currently achieving high IRGrades.

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