Fitch Ratings has announced the launch of SMARTView for U.S. subprime residential mortgage-backed securities.Fitch also announced that 96 subprime RMBS transactions have been placed "under analysis" following a review of the rating agency's $454.1 billion rated subprime portfolio. Under the SMARTView system, introduced for certain structured finance asset classes in 2006, classifying a transaction as Under Analysis means that Fitch will issue a rating action within 30 days. SMART stands for surveillance, metrics, analytics, research, and tools.
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