... equations of loan-growth of the bank that issue the instrument, the performance of the loan portfolio of that bank and the rating of the instrument issued by that bank: Loan growthi,j,t = ... Securitization, risk-taking and rating changes A recent strand of the literature concentrates on the role that securitization has on risk-taking and the determinants of the credit quality of ... are found such as the higher impact of solvency ratios and the maturity of the instrument in the rating of ABS and the higher impact of size, efficiency, RoE, the market 7 These differences...