The use of different ECAIs for different tranches should not be construed as evidence of cherry picking, rather reflective of the economics of transactions, the dynamic nature of the securitisation market and differentiated expertise of ECAIs.
The use of different ECAIs for different tranches should not be construed as evidence of cherry picking, rather reflective of the economics of transactions, the dynamic nature of the securitisation market and differentiated expertise of ECAIs.