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U.K. Student Loans - Still Not Making The Grade... MSDW disagrees with Fitch's view on U.K. student loans

By Robert Gillman, Morgan Stanley Dean Witter

Earlier this year Morgan Stanley Dean Witter pointed out that THESIS, a securitization of U.K. student loans, appeared to be performing significantly worse than the original rating agency base case assumptions, as MSDW understood them.

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