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Italian downgrade dunks some ABS names too

Recent downgrades of the Republic of Italy by two major rating agencies has contaminated the ABS sector, pressuring not only several Italian credit linked issues but also the 1.087 billion ($1.36 billion) Societe di Cartolarizzazione Arl (SCCI) transaction; with a total of 36 tranches (15 deals) downgraded.

Fitch Ratings...

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