Fitch shoots down Moody"s over China ABS rating

It only took a few deals, but a spat has already blown up between international ratings agencies when it comes to Chinese auto ABS. On Wednesday Fitch issued a strongly worded opinion on why it thinks the latest SAIC-GMAC Automotive Finance deal did not deserve the rating it has received from a competitor.... more

APAC Financial Markets • #ABS, #AssetBacked, #AutoABS, #China, #Fitch, #Moodys, #Rating, #SAICGMACAutomotiveFinance #AssetBacked, #StructuredFinance