Category Archives: Rating Agencies

Rating Agencies

Rating Agency Developments

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On May 9, Fitch released its guidelines for rating tender option bonds.  Fitch Report.   

On May 9, Moody’s released its methodology for rating CLOs.  Moody’s Report.

On May 8, Fitch released its surveillance criteria for franchise loan ABS.  Fitch Report. 

On May 7, S&P released its criteria for multiple-use special-purpose entities.  S&P Report. 

On May 7, S&P released its criteria for assessing guarantees in structured finance transactions.  S&P Report.   

On May 7, S&P released its criteria for asset isolation and special-purpose entities in structured finance transactions.  S&P Report. 

On May 7, Moody’s released its methodology for rating consumer loan ABS transactions.  Moody’s Report. 

On May 7, Moody’s released its guidelines for incorporating sovereign risk into (i) rating CDOs of SMEs in Europe; (ii) rating multi-pool financial lease-backed transactions in Italy; and (iii) rating EMEA auto loans.  Moody’s Report (SME CDO).  Moody’s Report (Italy).  Moody’s Report (EMEA Auto Loans). 

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Rating Agencies

Rating Agency Developments

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On May 2, KBRA released its methodology for rating global banks and bank holding companies.  KBRA Report. 

On April 30, Fitch released its criteria for rating U.S. auto lease ABS.  Fitch Report. 

On April 26. S&P released its criteria for rating Canadian auto loan ABS.  S&P Report. 

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Rating Agencies

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On April 26, Fitch released its criteria for U.S. RMBS originator review and third-party due diligence.  Fitch Report. 

On April 24, Fitch released its criteria for rating CMBS in Asia-Pacific.  Fitch Report. 

On April 22, Fitch released its criteria for rating asset managers.  Fitch Report. 

On April 19, Fitch released its criteria for U.S. RMBS cash flow analysis.  Fitch Report. 

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Rating Agencies

Rating Agency Developments

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On April 18, Fitch released its guidelines for rating state credit enhancement programs.  Fitch Report. 

On April 17, Moody’s released its methodology for rating general obligation bonds issued by U.S. local governments.  Moody’s Report. 

On April 15, DBRS released its methodology for rating Canadian covered bonds.  DBRS Report. 

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Rating Agencies

Rating Agency Developments

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On April 12, Fitch released its criteria for rating aircraft operating lease ABS.  Fitch Report.   

On April 12, Moody’s released its public finance housing methodology and research handbook.  Moody’s Report.   

On April 10, Fitch released its global structured finance and covered bonds rating criteria hierarchy.  Fitch Report.   

On April 10, Fitch released its criteria for rating U.S. auto loan ABS.  Fitch Report.   

On April 9, DBRS released its methodology for rating European structured finance transactions.  DBRS Report.   

On April 9, Fitch released its global infrastructure and project finance rating criteria hierarchy.  Fitch Report.   

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Rating Agencies

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On April 4, Moody’s released its methodology for rating short-term cash flow notes.  Moody’s Report. 

On April 3, Fitch released its criteria for rating EMEA CMBS.  Fitch Report.

On April 1, Fitch released its criteria for rating FFELP student loan ABS.  Fitch Report. 

On April 1, KBRA released its methodology for rating finance companies.  KBRA Report. 

On April 1, S&P issued a request for comment on its proposed methodology for rating U.S. municipal affordable multifamily housing bond transactions.  Comments must be submitted by June 1.  S&P Release. 

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Rating Agencies

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On March 20, Moody’s released its methodology for U.S. State revolving fund debt.  Moody’s Report. 

On March 18, Moody’s released implementation guidance for the temporary use of cash in structured finance transactions.  Moody’s Report. 

On March 18, Moody’s released its approach to rating railcar leasing ABS.  Moody’s Report. 

On March 18, Fitch published criteria for assigning issue level ratings to debt and/or preferred securities issued by closed-end funds outside the U.S.  Fitch Report. 

On March 15, S&P released methodology for forecasting operating assumptions for the U.S. merchant power sector.  S&P Report. 

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Rating Agencies

Rating Agency Developments

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On March 12, S&P updated its methodology for second-lien RMBS surveillance and cash flow analysis for pre-2009 originations.  S&P Report.

On March 11, Moody’s released its approach to rating RMBS using the MILAN framework.  Moody’s Report.   

On March 11, Fitch updated its criteria for state housing finance agencies’ general obligations.  Fitch Report. 

On March 11, Moody’s released its methodology for incorporating sovereign risk to multi-pool financial lease-backed transactions in Italy.  Moody’s Report.  

On March 11, Moody’s released its methodology for incorporating sovereign risk to its approach to rating CDOs of SMEs in Europe.  Moody’s Report. 

On March 11, Moody’s released its methodology for incorporating sovereign risk to EMEA auto loan methodology.  Moody’s Report.  

On March 8, Moody’s released its approach to rating transactions backed by intermodal shipping container leases.  Moody’s Report.  

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Rating Agencies

Rating Agency Developments

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On March 8, Fitch updated its report on dual-party criteria for long-term ratings on letter of credit-supported U.S. public finance bonds.  Fitch Report. 

On March 7, Moody’s released its approach to quantifying set-off risk for Belgian structured finance and covered bond transactions.  Moody’s Report. 

On March 5, Moody’s released its methodology for rating transactions based on credit substitution through financial guaranty assistance, letters of credit, and third party guarantees.  Moody’s Report. 

On March 4, Fitch released its Canadian residential mortgage loss model criteria.  Fitch Report. 

On March 4, Fitch updated its non-U.S. public sector entities criteria.  Fitch Report. 

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