IFR-ASSET-BACKED-SEC keeps mkt open, extends no-action letter


by Adam Tempkin NEW YORK, Nov 23 (IFR) - This afternoon the SEC announced that it has indefinitely extended its 'no action' letter allowing ABS issuers to continue issuing deals without the consent of rating agencies to publish their ratings on registration statements or prospectuses. The original 'no action' letter was written on July 22, 2010 and allowed issuers to omit credit ratings from registration statements filed under the SEC's Regulation AB for a period of six months. Rating ...

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