Rating Agency Developments

On June 8, 2016, Fitch issued a report entitled: Fitch Updates Distressed Debt Exchange Rating Criteria.  Press release.

On June 7, 2016, Moody’s issued a report entitled: Global Property and Casualty Insurers.  Report.

On June 6, 2016, Kroll issued a report entitled: Methodology for Rating Interest-Only Certificates in CMBS Transactions.  Report.

On June 6, 2016, Fitch issued a report entitled: Fitch Publishes Rating Criteria for SHFA MBS Pass-Through Bonds.  Press release.

On June 6, 2016, Fitch issued a report entitled: Fitch Publishes The Annual Manual: U.S. Leveraged Finance Primer.  Press release.

On June 2, 2016, S&P issued a report entitled: ABS: North America Railcar Lease-Backed ABS Methodology And Assumptions.  Report.

Rating Agency Developments

On May 18, 2016, Fitch issued a report entitled: Fitch: NSFR Rule Could Constrain Trust Banks’ Liquidity Position. Report.

On May 16, 2016, Fitch issued a report entitled: Fitch: Confidence in US Marketplace Lending ABS Takes a Hit. Report.

On May 12, 2016, Fitch issued a report entitled: Fitch Updates U.S. RMBS Seasoned and Re-Performing Loan Criteria. Report.

On May 12, 2016, Fitch issued a report entitled: Fitch Updates U.S. RMBS Loan Loss Model Criteria. Report.

On May 12, 2016, Fitch issued a report entitled: Fitch Publishes Revised EETC Criteria: Allows for Ratings in the ‘AA’ Category. Report.

Rating Agency Developments

On March 30, 2016, Moody’s published its rating methodology for assessing green bonds. Report.

On March 30, 2016, DBRS published its methodology for rating Canadian structured finance instruments. Report.

On March 30, 2016, DBRS updated and is requesting comment on its methodology for analyzing the credit risk of European RMBS. Report.

On March 30, 2016, DBRS published and is requesting comment on its methodology for analyzing Spanish mortgages. Report.

On March 29, 2016, DBRS published and is requesting comment on its methodology for conducting surveillance on U.S. ABS. Report.

On March 29, 2016, DBRS published and is requesting comment on its operational risk assessment methodology for U.S. ABS servicers. Report.

On March 29, 2016, DBRS published and is requesting comment on its operational risk assessment methodology for U.S. ABS originators. Report.

On March 29, 2016, DBRS published and is requesting comment on its methodology for rating pooled aircraft lease securitizations. Report.

On March 24, 2016, DBRS published its rating methodology for supranational institutions, or multilateral financial institutions (MFIs). Report.

On March 24, 2016, Fitch updated its rating criteria for U.S. auto lease ABS. Press Release.

On March 24, 2016, S&P published its methodology and assumptions for U.S. tobacco settlement securitizations. Report.

Rating Agency Developments

On April 23, Fitch released its updated criteria for rating operational risk of U.S. servicers of RMBS and small balance commercial securitiesReport.

On April 23, Fitch released its updated criteria for rating operational risk of servicers of various structured finance products, including RMBS, CMBS, and ABS.  Report.

On April 22, Moody’s released its rating methodology for monitoring scheduled amortization UK student loan-backed securities.   Report.

On April 21, Fitch released its updated criteria for analyzing trust-preferred CDOsReport.

On April 17, DBRS released its updated criteria for commercial paper liquidity support for non-bank issuers. Report.

On April 17, DBRS released its criteria for rating market-linked securitiesReport.

Rating Agency Developments

On January 22, Fitch released its rating criteria for rating RMBS in Latin AmericaCriteria.

On January 22, Moody’s released its global methodology for rating small and medium size enterprise balance sheet securitizationsRelease.

On January 20, Moody’s released its approach to rating ABS backed by equipment lease and loansRelease.

On January 20, Moody’s released its approach to rating consumer loan backed ABSRelease.

On January 20, Moody’s released its approach to rating RMBS Using the MILAN FrameworkRelease.

On January 20, Moody’s released its global approach to rating Auto Loan- and Lease-Backed ABSRelease.

On January 20, Moody’s released its global approach to rating financial guarantorsReleaseAnnouncement.

On January 20, Moody’s released its global approach to monitoring life insurance ABSRelease.

On January 20, Fitch released its rating criteria for rating Non-Performing Loan SecuritisationsCriteria.

On January 16, Kroll released its methodology for rating single-family rentalsMethodology.

On January 15, DBRS released its methodology for rating companies in the asset management industryRelease.

Rating Agency Developments

On January 30, Fitch released its criteria for rating structured finance servicers of various products, including RMBS, CMBS and ABSFitch Report.

On January 30, Fitch released its criteria for rating operational risk of U.S. servicers of RMBS and small balance commercial securities (SBC). Fitch Report. 

On January 30, Moody’s released its methodology for rating securitizations backed by loans granted to small- and medium-sized enterprises (SMEs). Moody’s Report.

On January 30, DBRS released its methodology for rating European covered bonds. DBRS Report.

On January 29, Fitch released its criteria for rating U.S. private student loan ABS. Fitch Report.

On January 29, DBRS released its criteria setting forth the financial ratios and accounting treatments used to analyze non-financial companies. DBRS Report.

On January 28, Fitch released its criteria for rating non-performing loan (NPL) securitizations. Fitch Report.

On January 27, Fitch released its criteria for rating variable-rate demand obligations (VRDOs) and commercial paper (CP) issued with external liquidity support. Fitch Report.

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Rating Agency Developments

On December 24, S&P released its methodology for rating U.S. RMBS Synthetic Risk TransfersS&P Report.

On December 23, S&P released its methodology for rating U.S. RMBS surveillance credit and cash flow analysis for pre-2009 originationsS&P Report.

On December 19, DBRS released its methodology for preferred shares and hybrids for corporate issuers other than financial institutions.  DBRS Report.

On December 17, Moody’s released its methodology for rating ABS backed by equipment leases and loansMoody’s Report.

Note: Free registration is required for rating agency releases and reports.

Rating Agency Developments

On June 29, Moody’s released it consolidated global bank rating methodology. Moody’s Report.

On June 29, DBRS released its global methodology for banks and banking organizations. DBRS Report.

On June 29, Kroll Bond Ratings released its equipment lease and ABS rating methodology. Kroll Report.

Note: Free registration is required for rating agency releases and reports.

Global ABS 2012 Conference

Orrick is an exhibitor sponsor of Global ABS 2012 Conference, which will be hosted by Information Management Network (IMN) at Square Brussels Meeting Center in Brussels, Belgium on June 12-14. More than 3,500 structured finance professionals are expected to attend. The agenda will include, among others, topics such as global regulatory changes that impact securitization; restoring confidence in the ABS markets; and CMBS, RMBS, and real estate and market fundamentals. For more information, please click here.