Aiming to fill the void left behind by Duff & Phelps Credit Rating Co., Thomson Financial BankWatch recently announced that it will begin rating asset-backed securities issues.

"We are a full-service rating agency," said Norman Last, who was recently hired as senior vice president and managing director to head up the endeavor. "Thomson BankWatch does have a NRSRO (nationally recognized statistical rating organization) designation, so our ratings are fully accepted. We're planning on going very heavily into the ABS market, and we are hiring experienced analysts and trying to build a presence there."

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.