News: Press Release
Web-based service offers one stop access to performance data, analytics, and content from leading ABS industry sources
ABSNet™ to distribute ABS Ratings, Credit Watch info and content from Dominion Bond Rating Service
August 14, 2003- Lewtan Technologies, Inc.® today announced an agreement to distribute asset-backed ratings, credit watch information, research and other content from Dominion Bond Rating Service (DBRS) through ABSNet, the structured finance industry's leading source for surveillance tools, analytics, performance data and content. With the addition of this data and content focusing on the Canadian marketplace, ABSNet continues to expand its reach beyond the U.S. market and take a leadership role in the analytics and surveillance of Canadian and international deals, with a library of non-USD denominated transactions in excess of 300 deals. ABSNet provides a valuable research, analysis, and decision-support environment for financial professionals who issue, buy, sell, trade, or invest in asset-backed securities, as well as those who facilitate and support these transactions.
This partnership with DBRS affirms the need within the ABS community for a dedicated ABS industry resource and data infrastructure. DBRS, a leading international rating agency, is the fourth rating agency, after Standard & Poor’s, Fitch IBCA, and Moody’s to distribute ratings and content via ABSNet. Under the agreement, Lewtan will make DBRS’ ratings and credit watch actions available to ABSNet™ subscribers, along with their Press Releases, Ratings Reports and Industry Studies and Methodologies.
Stuart Lewtan, President of Lewtan Technologies, comments "Lewtan is pleased to be working with DBRS, the premier rating agency in Canada and the newest NRSRO in the U.S. DBRS gains access to the largest online community of ABS investors, dealers, and issuers. The addition of DBRS ratings and research further reinforces ABSNet as the central resource for securitization information and continues to expand ABSNet's global reach."
Huston Loke, senior vice president at DBRS states "DBRS is pleased to partner with ABSNet to bring our ratings and research to the securitization community. DBRS will be able to reach a broader securitization audience with our ratings information as we expand in the United States, and the securitization community will benefit from our detailed reports and thorough analysis."
Dominion Bond Rating Service Limited (DBRS) is a full-service credit rating agency established in 1976. Privately owned and operated without affiliation to any financial institution, DBRS is respected for its independent, third-party evaluations of corporate and government issues, spanning North America, Europe and Asia. DBRS’ extensive coverage of securitizations and structured finance transactions solidifies our standing as a leading provider of comprehensive, in-depth credit analysis. Since its inception in 1976, DBRS has worked at continuously refining its expertise in the analysis of credit quality. Investors and borrowers have come to rely on DBRS ratings as the standard in the Canadian marketplace, based on the consistency, objectivity and unbiased approach taken for each rating. Although some of DBRS’ views and ratings have been disputed on occasion, the market cannot question our integrity. It is this market acceptance that forms the foundation of DBRS’ credibility, a characteristic that is born of our many years of experience and one that defines us as a valuable source of credit market insight.
Founded in 1986, Lewtan Technologies, Inc. ® is the leading provider of technology to the securitization industry. Lewtan offers complete tools and services to all the players in the marketplace--investors, issuers/servicers, underwriters/structurers, rating agencies, credit enhancers, and conduit sponsors. Lewtan Technologies, Inc © is the leading provider of workflow solutions to the global asset securitization industry. More than 200 institutions rely on Lewtan Technologies' solutions. In 1986, Lewtan entered the asset-backed securities (ABS) marketplace with the first automated reporting system for ABS issuers. In 1999, working with industry leaders including S&P, Fitch, and Banc One, Lewtan launched ABSNet. ABSNet (ABSNet.net) is now the leading resource for ABS intelligence and surveillance. In 2001, Lewtan and Deutsche Bank Corporate Trust launched iCDO. iCDO is the only full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's).Lewtan continues to seek participants in its ABSNet™ Partners program. Interested parties may contact Bill Martin at 781-672-1176.