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Fitch: Heavy Track Work Ahead for US Railcar ABS

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NEW YORK--(BUSINESS WIRE)--New regulations for railcars transporting crude oil and other hazardous material will be costly for railcar manufacturers and lessors given their short implementation timeframes, Fitch Ratings says. Since all mandatory expenses are paid at the top of securitization waterfalls, certain outstanding rail car ABS transactions could see decreased available funds for interest and principal, depending on their respective levels of tanker concentrations. In addition, should t

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