At the American Securitization Forum (ASF) Sunset Seminar on rating agency reform last Tuesday held at its headquarters, panelists urged ABS market professionals to bring their opinions on the issue before the Securities and Exchange Commission. It's a race against time before the SEC and Congress begin to enact rules on credit rating agency reform, at the Federal government's behest, that could significantly impact the ABS industry in general.

For years now, the same cast of characters have appeared before the SEC and Congress and articulated the same set of arguments in discussions about credit rating agency reform, said Charlie Brown, general counsel at Fitch Ratings.

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