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 Agency Developments

On November 14, S&P requested comments on its proposal to revise its hybrid capital criteria for corporate issuers.  Comments must be submitted by December 16.  S&P Release. 

On November 14, DBRS published its CMBS North American surveillance methodology.  DBRS Report. 

On November 14, DBRS published its European CMBS rating methodology.  DBRS Report. 

On November 13, Fitch published a report summarizing feedback received on its updated covered bonds rating criteria.  Fitch Report.

On November 13, Fitch updated its corporate recovery ratings criteria.  Fitch Report. 

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Rating Agency Developments

On September 27, Fitch updated its global rating criteria for trade receivables securitizations.  Fitch Report. 

On September 26, S&P requested comment on collateral coverage and issue notching rules for “1+” and “1″ recovery ratings on senior bonds secured by utility real property.  S&P Report.     

On September 21, Fitch updated its criteria for analyzing large loans in U.S. CMBS.  Fitch Report. 

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Rating Agency Developments

On September 5, S&P released its methodology for U.S. and Canadian CMBS. S&P Report.

On September 5, S&P released its CMBS global property evaluation methodology.  S&P Report.

On September 5, DBRS released its criteria for holding companies and their subsidiaries.  DBRS Report.

On August 31, DBRS released its solar power project criteria. DBRS Report.

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Rating Agency Developments

On August 9, Fitch updated its UK mortgage loan assumptions.  Fitch Report. 

On August 9, Fitch updated its criteria for UK whole business securitizations.  Fitch Report.

On August 9, S&P updated its methodology for U.S. RMBS backed by pre-2009 collateral.  S&P Report. 

On August 8, Fitch updated its corporate rating methodology.  Fitch Report. 

On August 8, Fitch published its updated insurance-linked securities rating criteria.  Fitch Release.  Fitch Criteria.

On August 8, Fitch updated its criteria for automated valuation models in EMEA RMBS.  Fitch Release.  Fitch Report.

On August 8, Fitch updated its global rating criteria for corporate CDOs.   Fitch Release.  Fitch Report.

On August 8, Fitch updated its rating criteria for currency swap obligations of an SPV in structured finance transactions.  
Fitch Release.  Fitch Report.  

On August 8, Fitch updated its rating criteria for multiborrower U.S. CMBS.  Fitch Release.  Fitch Report.

On August 8, Fitch updated its global rating criteria for distressed debt exchanges.  Fitch Release.  Fitch Report.

On August 7, Fitch issued a special report on risk considerations for REO-to-Rental securitizations.   Fitch Release.  Fitch Report.

On August 7, Fitch updated its rating criteria for prepaid energy transactions.   Fitch Release.  Fitch Report.

On August 7, Fitch updated its mortgage loss assumptions for German RMBS and covered bonds.  Fitch Report.  

On August 3, Fitch updated its U.S. water and sewer revenue bond criteria.  Fitch Report.

On August 3, DBRS updated its methodology for capital call lending facilities.  DBRS Report. 

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Rating Agency Developments

On June 4, S&P issued two Requests for Comment articles on proposed changes to its CMBS criteria. The purpose of the proposed criteria is to improve and simplify the agency’s approach to rating CMBS offerings and to harmonize S&P’S approach to evaluating commercial real estate. S&P Release.

On June 6, Moody’s updated its rating methodology for RMBS in Europe, the Middle East and Africa. Moody’s Report.

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Rating Agency Developments

On March 9, Fitch updated its dual-party pay criteria for long-term ratings on letter of credit-supported U.S. public finance bonds.  Fitch Report.

On March 9, Fitch announced that senior secured ratings of corporate property bonds issued by EMEA REITs or property investment companies (PICs) could attract an additional single notch above their senior unsecured ratings.  Fitch Release.

On March 9, S&P gave advance notice of proposed CDO criteria changes for securitizations backed predominantly by emerging market corporate debt.  S&P Release.

On March 8, S&P released its methodology for rating U.S. and Canadian stand-along and large loan CMBSS&P Report.

On March 6, S&P requested comments by June 6 on revised methodology and assumptions for rating U.S. local governmentsS&P Report.

On March 5, Fitch updated its non-U.S. public sector entities criteria.  Fitch Report.

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Rating Agency Developments – Week of January 30, 2012

On January 25, Fitch updated its global dealer floorplan rating criteria. Fitch Release.

On January 24, DBRS released its CMBS rating methodology. DBRS Release.

On January 23, S&P updated its U.S. interest rate criteria to include assumptions for the five-year CMT Index. S&P Release.

On January 23, DBRS released its U.S. RMBS securities loss model and rating methodology. DBRS Report.

On January 23, DBRS described its U.S. RMBS surveillance process. DBRS 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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