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Co-Ownership Risk-Neutral, Moody's Says

In a recent report, Moody's Investors Service declared co-ownership structures, commonly used in Canadian ABS securitizations, as risk-neutral.

"The use of the co-ownership structure does not introduce additional risk to a securitization," said Latonia Dukes, vice president and senior analyst at Moody's, who focuses on the Canadian asset-backed term...

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