Fed could let more agencies rate TALF securities
WASHINGTON |
WASHINGTON Oct 5 (Reuters) - The U.S. Federal Reserve on Monday proposed opening to a wider group of ratings agencies the ability to rate securities under one of its programs aimed at reviving consumer and small business lending.
The Fed published a rule that sets criteria to determine which ratings agencies can assess asset-backed securities that can be pledged as collateral under its Term Asset-Backed Securities Loan Facility, or TALF. (Reporting by Mark Felsenthal; Editing by Neil Stempleman)
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