As regulators crack down on rating agencies to update ratings, Fitch Ratings confirms that 99% of its U.S. Structured Finance ratings have been formally reviewed during the past 12 months as of August 2010.
In September, the National Association of Insurance Commissioners (NAIC) requested that Fitch and other rating agencies provide this information in response to recent NAIC rule changes. According to the changes, U.S. insurers may use structured finance ratings from acceptable rating organizations in certain risk-based capital calculations only if it can be confirmed that the rating has been reviewed within the past 12 months.
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