How does the New York Fed determine which NRSROs will be eligible rating agencies for ABS other than CMBS?
The set of eligible credit rating agencies is determined by the New York Fed in accordance with a final rule adopted by the Federal Reserve Board that establishes criteria in designating an NRSRO as TALF-eligible within each of seven non-mortgage-backed ABS TALF asset sectors (auto, floorplan, equipment, credit card, premium finance, servicing advances and student loan).
Related Questions
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