S&P Dominates Non-Agency MBS Market, While Moody’s Controls ABS Market in ‘02
November 29, 2002
S&P Dominates Non-Agency MBS Market, While Moody’s Controls ABS Market in ‘02 Despite some quarterly swings in market share, the mortgage- and asset-backed securities rating business in 2002 looks a lot like it did in 2001. Standard & Poor’s is dominating the rating of non-agency MBS offerings, while Moody’s Investors Service is ruling the non-mortgage ABS market.