Duff & Phelps has formed a new London-based team that will focus on rating deals in the fast-developing structured finance markets of Central and Eastern Europe, the Middle East and Africa.

"The number of new transactions from new jurisdictions has got to the point where we need to devote a group to those specific areas," said Mitchell Lench, who will head the Emerging Markets Structured Finance Group. He added that Duff views each region as a distinct market requiring specialist knowledge: "Just because you understand the environment in, say, Mexico, does not mean you understand how things work in, say, South Africa."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.