Asset Backed Alert - Asset Backed Securities - ABS Asset Backed Security

(12/31/2009)

Rating-Agency Shares of US ABS and MBS Issuance in 2009

ABS/MBS		2009 Issuance ($Mil.)	No. of Deals	Market Share (%)	2008 Issuance ($Mil.)	No. of Deals	Market Share (%)	’08-’09 % Chg.
1	S&P	$138,196.8	189	72.0	$163,818.4	247	92.1	-15.6
2	Moody’s	119,456.8	132	62.2	156,942.1	220	88.3	-23.9
3	Fitch	117,233.3	169	61.1	117,912.6	158	66.3	-0.6
4	DBRS	27,098.9	53	14.1	11,906.6	26	6.7	127.6
	TOTAL	191,907.9	303	100.0	177,795.7	294	100.0	7.9
ABS		2009 Issuance ($Mil.)	No. of Deals	Market Share (%)	2008 Issuance ($Mil.)	No. of Deals	Market Share (%)	’08-’09 % Chg.
1	S&P	$118,658.5	144	82.5	$142,994.2	184	93.4	-17.0
2	Moody’s	116,917.5	121	81.3	146,914.7	183	96.0	-20.4
3	Fitch	87,903.2	89	61.1	106,779.2	120	69.8	-17.7
4	DBRS	6,933.4	17	4.8	7,498.3	10	4.9	-7.5
	TOTAL	143,819.4	179	100.0	153,035.8	211	100.0	-6.0
MBS		2009 Issuance ($Mil.)	No. of Deals	Market Share (%)	2008 Issuance ($Mil.)	No. of Deals	Market Share (%)	’08-’09 % Chg.
1	Fitch	$29,330.1	80	61.0	$11,133.4	38	45.0	163.4
2	DBRS	20,165.4	36	41.9	4,408.3	16	17.8	357.4
3	S&P	19,538.3	45	40.6	20,824.3	63	84.1	-6.2
4	Moody’s	2,539.3	11	5.3	10,027.4	37	40.5	-74.7
	TOTAL	48,088.5	124	100.0	24,759.9	83	100.0	94.2