Rating Agency Developments

On May 17, DBRS released its criteria for rating market-linked securitiesDBRS Report

On May 17, DBRS released a criteria report relating to Canadian bankruptcy and restructuring legal considerations.  DBRS Report

On May 15, Moody’s released its methodology for rating EMEA SME balance sheet securitizations.  Moody’s Report

On May 15, Fitch released its loan-level loss model for rating Canadian residential mortgage pools.  Fitch Report

On May 14, DBRS released its derivative criteria for European structured finance transactions.  DBRS Report

On May 13, Fitch released its counterparty criteria for structured finance and covered bondsFitch ReportFitch Report (Derivative Addendum)

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Rating Agency Developments

On May 9, Fitch released its guidelines for rating tender option bondsFitch Report.   

On May 9, Moody’s released its methodology for rating CLOsMoody’s Report.

On May 8, Fitch released its surveillance criteria for franchise loan ABSFitch Report

On May 7, S&P released its criteria for multiple-use special-purpose entitiesS&P Report

On May 7, S&P released its criteria for assessing guarantees in structured finance transactionsS&P Report.   

On May 7, S&P released its criteria for asset isolation and special-purpose entities in structured finance transactionsS&P Report

On May 7, Moody’s released its methodology for rating consumer loan ABS transactions.  Moody’s Report

On May 7, Moody’s released its guidelines for incorporating sovereign risk into (i) rating CDOs of SMEs in Europe; (ii) rating multi-pool financial lease-backed transactions in Italy; and (iii) rating EMEA auto loansMoody’s Report (SME CDO)Moody’s Report (Italy)Moody’s Report (EMEA Auto Loans)

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Rating Agency Developments

On April 12, Fitch released its criteria for rating aircraft operating lease ABS.  Fitch Report.   

On April 12, Moody’s released its public finance housing methodology and research handbook.  Moody’s Report.   

On April 10, Fitch released its global structured finance and covered bonds rating criteria hierarchy.  Fitch Report.   

On April 10, Fitch released its criteria for rating U.S. auto loan ABS.  Fitch Report.   

On April 9, DBRS released its methodology for rating European structured finance transactions.  DBRS Report.   

On April 9, Fitch released its global infrastructure and project finance rating criteria hierarchy.  Fitch Report.   

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On April 4, Moody’s released its methodology for rating short-term cash flow notes.  Moody’s Report. 

On April 3, Fitch released its criteria for rating EMEA CMBS.  Fitch Report.

On April 1, Fitch released its criteria for rating FFELP student loan ABS.  Fitch Report. 

On April 1, KBRA released its methodology for rating finance companies.  KBRA Report. 

On April 1, S&P issued a request for comment on its proposed methodology for rating U.S. municipal affordable multifamily housing bond transactions.  Comments must be submitted by June 1.  S&P Release. 

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On March 20, Moody’s released its methodology for U.S. State revolving fund debt.  Moody’s Report. 

On March 18, Moody’s released implementation guidance for the temporary use of cash in structured finance transactions.  Moody’s Report. 

On March 18, Moody’s released its approach to rating railcar leasing ABS.  Moody’s Report. 

On March 18, Fitch published criteria for assigning issue level ratings to debt and/or preferred securities issued by closed-end funds outside the U.S.  Fitch Report. 

On March 15, S&P released methodology for forecasting operating assumptions for the U.S. merchant power sector.  S&P Report. 

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Rating Agency Developments

On March 12, S&P updated its methodology for second-lien RMBS surveillance and cash flow analysis for pre-2009 originations.  S&P Report.

On March 11, Moody’s released its approach to rating RMBS using the MILAN framework.  Moody’s Report.   

On March 11, Fitch updated its criteria for state housing finance agencies’ general obligations.  Fitch Report. 

On March 11, Moody’s released its methodology for incorporating sovereign risk to multi-pool financial lease-backed transactions in Italy.  Moody’s Report.  

On March 11, Moody’s released its methodology for incorporating sovereign risk to its approach to rating CDOs of SMEs in Europe.  Moody’s Report. 

On March 11, Moody’s released its methodology for incorporating sovereign risk to EMEA auto loan methodology.  Moody’s Report.  

On March 8, Moody’s released its approach to rating transactions backed by intermodal shipping container leases.  Moody’s Report.  

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Rating Agency Developments

On February 7, Fitch updated its criteria for asset related risks of commercial real estate loans used as collateral for covered bonds.  Fitch Report.  

On February 6, Moody’s released methodology for U.S. Housing Finance Agency single family programsMoody’s Report.  

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Rating Agency Developments

On January 10, DBRS released the following rating methodologies:

On January 10, S&P updated its methodology and assumptions for CLOs backed by European small and midsize enterprises (SMEs).  S&P Release. 

On January 8, Moody’s released its methodology for assessing RMBS servicing quality.  Moody’s Release. 

On January 7, Fitch updated its criteria for rating derivative product companies.  Fitch Release.  Fitch Report.

Rating Agency Developments

On January 4, S&P updated its outlook assumptions for the U.S. residential mortgage market.  S&P Report.  
 
On December 28, 2012, Fitch updated its equipment lease and loan rating criteria.  Fitch Report.  
 
On December 24, 2012, DBRS released methodology for rating income funds.  DBRS Report. 
 
On December 21, 2012, Moody’s updated its methodology for power generation projects.  Moody’s Report.
   
On December 20, 2012, Fitch updated its U.S. utility tariff bond rating criteria.  Fitch Report.  
 
On December 19, 2012, Fitch updated its criteria for pooled multifamily housing bonds.  Fitch Report.  
 
On December 18, 2012, Fitch updated its U.S. public power rating criteria.  Fitch Report. 
 
On December 17, 2012, Fitch updated its criteria for investment managers and alternative funds.  Fitch Report. 

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Rating Agency Developments

On December 13, Moody’s released its methodology for U.S. stand-alone housing bond programs secured by credit enhanced mortgages.  Moody’s Report.  

On December 13, S&P released its methodology for pre-insolvency structural protections in Europe.  S&P Report. 

On December 12, Fitch published criteria for rating financial institutions above the sovereign.  Fitch Report.  

On December 11, Fitch updated its criteria for analyzing financing and leasing companies.  Fitch Report.  

On December 11, Moody’s released its U.S. manufactured housing loan ABS surveillance methodology.  Moody’s Report.  

On December 11, Moody’s released its methodology for mortgage insurers.  Moody’s Report.  

On December 10, S&P released its methodology for Mexican trade receivables ABS transactions.  S&P Report.