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Rating ABS Seller/Servicers: Credit Where Credit is Due: The following is an excerpt from Fitch's upcoming criteria report on ABS Seller/Servicers, due out later this week.

Fitch Ratings recognizes that the quality, stability, and financial condition of seller/servicer operations have a direct effect on the performance of asset-backed securities (ABS) transactions across all product types. Therefore, Fitch has always used seller/servicer assessments to augment its ABS default, loss, and cash flow models when analyzing structures...

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