foreign risks; the assets* to be transferred to a special purpose vehicle is the right to claim occurring overseas, and the originators are foreign businesses. This is to align with the regulations for

entities, obligors, originators, underwriters, and arrangers, on one side, and users of credit ratings on the other. Rating analyses of low quality or produced through a process of questionable integrity are

reduce the asymmetry of information that exists between rated entities, obligors, originators, underwriters, and arrangers, on one side, and users of credit ratings on the other. Rating analyses of low