The acquisition of Duff and Phelps Credit Rating Co. by Fitch IBCA left a few subprime issuers worried, as the merger impacted a net interest margin (NIM) structure that has typically been rated by DCR.

Along with a $425 million public home-equity transaction scheduled to close this week, WMC Mortgage is privately placing a NIM structured security piece rated by Fitch instead of Duff & Phelps.

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