auto lease securitizations

Rating Agency Developments

On February 27, Moody’s released its global approach to rating collateralized loan obligationsMoody’s Report.

On February 26, Moody’s released its approach to rating auto lease securitizations exposed to residual value risk.  Moody’s Report.

On February 24, Moody’s released its approach to rating the global shipping industry.  Moody’s Report.

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Rating Agency Developments

On December 2, Moody’s updated its approach to rating fleet lease-backed ABS. Moody’s Report.

On December 1, Fitch released its surveillance criteria for U.S. CRE CDOs and CMBS large loan floating-rate transactions (floating-rate CMBS pools which have up to 50 loans remaining). Fitch Release.

On December 1, S&P requested comments on its methodology for rating U.S. public finance long-term municipal pools. S&P Release.

On November 29, S&P released definitions and related analytic practices for covenant and payment provisions in U.S. public finance revenue obligations. S&P Release.

On November 29, S&P released its rating approach for U.S. public finance obligations with multiple revenue streams. S&P Release.

On November 29, S&P revised its methodology for rating U.S. ABS auto lease securitizations. S&P Release.

On November 29, Fitch published updated criteria for rating linkages in nonbank financial subsidiary relationships. Fitch Release.

On November 21, S&P released a request for comments on a proposed expansion to its methodology and assumptions for assessing derivative obligations and certain amendments to other aspects of counterparty and supporting party risk criteria. S&P Release.

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Rating Agency Developments

On September 15, S&P requested comment on proposed changes to its methodology and assumptions for U.K. RMBS. S&P Release.

On September 15, Fitch updated its CDO cash flow analysis rating criteria. Fitch Release.

On September 15, Fitch updated is criteria for rating global rental fleet ABS transaction. Fitch Release.

On September 15, Fitch updated its criteria for aircraft Enhanced Equipment Trust Certificates (EETCs). Fitch Release.

On September 14, Moody’s provided its approach to rating auto lease securitizations. Moody’s Report.

On September 14, S&P revised its U.S. credit card ABS assumptions for establishing rating-specific stress scenario purchase and payment rate modeling parameters. S&P Release.

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