English housing associations

Rating Agency Updates

On September 21, Moody’s released a report explaining its views on legal risk in structured finance ratings. Moody’s Release.

On September 17, S&P proposed criteria for evaluating counterparty risk for funds with principal stability fund ratings and fund credit quality ratings, including the use of repos. Comments are requested by October 18.  S&P.

On September 17, Fitch updated its global rating criteria for cash flow analysis of CDOs. Fitch Release. Fitch Report.

On September 22, Moody’s published a rating methodology to explain its approach in analyzing the intrinsic financial strength of English housing associations. Moody’s Release.

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