Deal Ratings Have a Snowball Effect, Fitch Says, as Upgrades Often Presage Another Upgrade
March 12, 2004
A structured finance rating that’s in motion tends to stay in motion – almost always in the same direction – according to a new study by Fitch Ratings. The rating agency found that approximately 32.5 percent of the structured finance deals that were upgraded between 1991 and 2001 were subsequently upgraded again in the following year. And once a deal was