Moody's Investors Service plans to begin publishing Transaction Governance Assessments for rated, public credit-card securitizations beginning this week. In addition to providing commentary and opinion regarding the level of oversight an issuer applies to its transactions, the assessments outline processes that minimize the risk of errors in calculations, errors in cashflow allocations and mismanagement of funds and assets, according to Moody's. The assessments will be included in new issue reports and pre-sale reports issued by Moody's. Moody's expects to expand this initiative to other asset types within the ABS and RMBS markets.
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