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Observation: Current Events in the Franchise Loan Sector By Paul J. McCarthy, III, associate director, Fitch IBCA

As of mid year 2000, volume in the franchise sector of the asset backed market has fallen relative to 1998 and 1999 with issuance topping the one billion mark. The lack of issuance has been partially driven by ratings' action on four of the 50+ franchise securitizations along with...

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