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Rating action puts S&P's rep on Negative Watch: S&P defends auto lease CreditWatch actions...

Bank One Capital Markets called the move "somewhat haphazard." JPMorgan Securities called the move "sloppy in execution and bordering on reckless in terms of understanding the market impact." The Street reacted harshly to Standard & Poor's placement of 32 classes of auto lease ABS - including three that are...

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