Japanese CMBS

Rating Agency Developments

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On January 23, Fitch released its criteria for analyzing interest rate stresses in structured finance transactions and covered bonds.  Fitch Report.

On January 22, DBRS released its methodology for rating wind power projects.  DBRS Report.

On January 22, DBRS released its methodology for rating solar power projects.  DBRS Report.

On January 22, S&P released its methodology for rating Japanese CMBS.  S&P Report.

On January 22, Fitch released an exposure draft seeking comments for sovereign risk impact on rating structured finance and covered bonds.  Fitch Report.

On January 21, DBRS released its request for comment for rating supranational institutions.  DBRS Report.

On January 21, DBRS released its cash flow assumptions for rating CLOs and CDOs backed by corporate debt.  DBRS Report.

On January 21, DBRS released its methodology for rating CLOs and CDOs backed by large corporate debt.  DBRS Report.

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Rating Agency Developments

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On June 7, Fitch released its criteria for Japanese CMBS surveillance.  Fitch Report. 

On June 6, Fitch released updated EMEA RMBS criteria, including (i) its master rating criteria for EMEA RMBS transactions; (ii) its criteria for the analysis of cash flows in EMEA RMBS transactions and (iii) its EMEA residential mortgage loss criteria.  Fitch EMEA Master Criteria Report.  Fitch EMEA Cashflows Report.  Fitch EMEA Mortgage Loss Report. 

On June 4, Moody’s released its global structured finance operational risk guidelines.  Moody’s Report. 

On June 3, Fitch updated its covered bonds rating criteria with a mortgage liquidity and refinance stress addendum.  Fitch Report. 

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