Rating Agency Developments

On January 6, DBRS published its methodology for rating European commercial mortgage loans and European CMBS transactions. Report.

On January 4, DBRS published its preferred share and hybrid security criteria for corporate issuers. Report.

On January 4, DBRS published its methodology for rating holding companies and their subsidiaries. Report.

On January 4, DBRS published its methodology for rating CLOs backed by loans to European Small and Medium-Sized Enterprises (SMEs). Report.

On January 4, DBRS published its methodology for rating European RMBS transactions. Report.

On December 31, DBRS published its methodology for rating European structured finance servicers. Report.

On December 31, Moody’s published its rating methodology for investment holding companies and conglomerates. Report.

Rating Agency Developments

On December 9, 2015, Moody’s published its global methodology for rating securities backed by pools of auto loans and auto leases to individuals. Report.

On December 8, 2015, Moody’s published its methodology for rating the temporary investment of cash in structured finance transaction accounts. Report.

On December 7, 2015, Fitch updated its criteria for recovery estimates and recovery ratings and clarified the notching guidance for unsecured debt of issuers rated in the ‘BB’ category and above. Report.

On December 4, 2015, Fitch updated its criteria for not-for-profit hospitals and health systems outside the U.S. Report.

On December 4, 2015, Moody’s updated and replaced its existing methodology for how Moody’s Loss Given Default framework is used in making rating distinctions. Report.

On December 3, 2015, Fitch updated its criteria for rating U.S. equipment lease and loan ABS. Report.

On December 3, 2015, Fitch published its Global Consumer ABS Rating Criteria for analyzing credit risk in asset-backed securities backed by consumer receivables globally. Report.

On December 3, 2015, Fitch updated its recovery ratings and notching criteria for equity REITs. Report.

On December 3, 2015, Kroll published its methodology for rating the financial strength of private mortgage insurance companies. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. CMBS single borrower and large loan transactions. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. CMBS multi-borrower transactions. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. distressed commercial real estate liquidating trust securitizations. Report.

On December 3, 2015, Kroll updated its CMBS property evaluation methodology. Report.

Rating Agency Developments

On December 10, Moody’s released its approach to rating sustainable net cash flow for CMBS and CRE CDO CLO Real Estate collateral in the Americas and ex-Japan Asia Pacific.  Approach

On December 10, Moody’s released its approach to rating US and Canadian Conduit/ Fusion CMBS.  Approach

On December 10, Fitch released its criteria to rating U.S. fixed-rate multiborrower CMBS surveillance and re-REMIC criteria.  Criteria

On December 9, Fitch released its guidelines for rating prefunded U.S. municipal bonds.  Guidelines

On December 9, Fitch released a table of covered bonds spread levels.  Table

On December 8, Moody’s released its methodology for rating business and consumer service industry.  Methodology

On December 8, Moody’s released its methodology for rating global oilfield services industry.  Methodology.

Rating Agency Developments

On November 28, DBRS released its general corporate methodologyRelease.

On November 28, DBRS released its methodology for rating companies in the gaming industryRelease.

On November 26, DBRS released its methodology for rating Canadian trade receivables securitizationsRelease

On November 26, Moody’s released its methodology for rating construction industryRelease

On November 26, Moody’s released its methodology for rating regulated electric and gas networksRelease

On November 26, Moody’s released its methodology for rating tobacco industryRelease.

Rating Agency Developments

On November 6, Fitch released its updated criteria for rating securitizations in emerging marketsReport.

On November 5, DBRS released its methodology for rating companies in the automotive manufacturing industryReport.

On November 5, DBRS released its methodology for rating companies in the automotive supplier industryReport.

On November 5, S&P published an advance notice of proposed change to its bank rating methodology to potentially expand recognition of a bank’s “additional loss-absorbing capacity” in certain situations.  Article.

On November 3, Fitch released an updated version of its global structured finance and covered bonds rating criteria hierarchy.  Report.

On November 3, Moody’s released its methodology for rating unregulated utilities and unregulated power companiesReport.

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Rating Agency Developments

On October 30, Moody’s released its methodology for rating government-related issuers.  Report.

On October 30, Fitch released its methodology for rating asset-backed commercial paper.  Report.

On October 30, DBRS released a series of methodologies for rating the Canadian auto industry.  Rental Car Fleet.  Auto Fleet Lease.  Auto Retail Loan and Lease.

On October 28, DBRS released two methodologies for rating the U.S. auto industry.  U.S. Auto Lease.  Unified Interest Rate Model.

On October 30, DBRS released its methodology for rating Canadian equipment finance securitizations.  Report.

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