Rating Agency Developments

On March 9, Moody’s released its updated methodology for rating privately-financed public infrastructure (PFI/PPP/P3) projectsReport.

On March 9, Fitch released its updated criteria for rating single- and multi-name credit-linked notesReport.

On March 6, Moody’s released its updated methodology for rating trading companies (companies whose primary business involves trading commodities and/or goods) globally.  Report.

On March 6, DBRS released its updated methodology for rating public-private partnerships (PPPs)Report.

 

Rating Agency Developments

On March 6, Fitch revised its criteria for rating granular corporate balance-sheet securitizations (SME CLOs)Approach.

On March 5, Moody’s revised its global approach to data quality evaluationApproach.

On March 3, Kroll released CMBS property evaluation guidelines and large loan rating methodology.  GuidelinesMethodology.

On March 2, S&P revised its rating criteria for rating transactions that include provisions for changing the payment priority or sale of collateral following a nonmonetary event of defaultCriteria.

On February 27, Fitch released a Brazil addendum to RMBS Latin America criteria.  Addendum.

On February 25, Moody’s released its approach to rating US Prime RMBS issued after 2009.  Approach.

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 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 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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Rating Agency Developments

On October 22, Fitch issued new methodology for rating revolving fund and leveraged municipal loan pools.  Report.

On October 22, DBRS released its methodology for rating in Canadian structured finance transactions.  Report.

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Rating Agency Developments

On October 9, S&P released its updated global methodology and assumptions for assessing the credit quality of securitized non-real estate related consumer receivables, including, but not limited to, auto, credit card, student, and unsecured personal loan asset-backed securities. Report.

On October 9, S&P released its updated criteria for analyzing cash flows of structured finance securities. Report.

On October 9, S&P released its updated methodology and assumptions for assessing operational risk associated with transaction parties in structured finance transactions. Report.

On October 7, Moody’s released its bankruptcy remoteness criteria for special purpose entities in global structured finance transactions. Report.

On October 7, Fitch released its updated Global Structured Finance and Covered Bonds Rating Criteria Hierarchy. Report.

On October 3, Fitch released its criteria for rating nonprofit nursing homes. Report.

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Rating Agency Developments

On October 1, DBRS released its methodologies for rating companies in oil and gas and oilfield services. Oil and Gas. Oilfield Services.

On September 30, Moody’s released its methodology for rating companies in the consumer durables industry. Report.

On September 30, Fitch proposed a new methodology for estimating losses for US RMBS transactions. Comments should be submitted by October 31. Report.

On September 30, DBRS released its methodology for analyzing legal criteria in European structured finance transactions. Report.

On September 29, Moody’s released its methodology for rating bond programs issued by housing finance agencies and secured by multifamily loans. Report.

On September 29, Fitch proposed a new methodology for rating commercial real estate loans securing covered bonds. Comments should be submitted by October 27. Report.

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