Moody’s

Rating Agency Developments

 

On July 7, 2017, Kroll published its Research Recap for Q2 2017. Here are several articles of interest:

On June 29, 2017, DBRS published an update to its rating methodology for U.S. equipment lease and loan securitizations. Report.

On June 29, 2017, Fitch published an update to its rating criteria for insurance-linked securities. Release.

On June 28, 2017, Fitch published a report entitled U.S. State Housing Finance Agencies: Single-Family Mortgage Program Rating Criteria. Report.

On June 28, 2017, Fitch published a report entitled U.S. RMBS Surveillance and Re-REMIC Rating Criteria. Report.

On June 23, 2017, Moody’s published a report entitled Regulated Electric and Gas Utilities. Report.

On June 23, 2017, S&P issued a report entitled RMBS: Methodology And Assumptions: Assessing Pools Of Residential Loans In Austria, Denmark, Germany, And Sweden. Report.

On June 22, 2017, S&P issued a report entitled ABS: Global Methodology And Assumptions For Corporate Securitizations. Report.

On June 22, 2017, Fitch published a report entitled U.S. RMBS Rating Criteria. Report.

On June 22, 2017, Fitch published a report entitled EMEA CMBS and CRE Loan Rating Criteria. Report.

Rating Agency Developments

 

On June 21, 2017, Moody’s published its ratings methodology assessing rated issuers in the pharmaceutical industry. Report

On June 21, 2017, Moody’s published its ratings methodology assessing rated issuers in the automobile manufacturer industry. Report.

On June 21, 2017, Moody’s issued a report entitled Global Mass Transit Enterprises Methodology. Report.

On June 20, 2017, Fitch issued a report entitled Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria. Report.

On June 15, 2017, Moody’s published its ratings methodology assessing rated issuers in the media industry. Report.

Rating Agency Developments

 

On June 14, 2017, Moody’s released a report entitled Global Passenger Railway Companies. Report.

On June 14, 2017, Moody’s released a report entitled Global Manufacturing Companies. Report.

On June 14, 2017, Moody’s released a report entitled Medical Product and Device Industry. Report.

On June 13, 2017, Fitch issued a report entitled Fitch Updates Future Flow Securitisation Criteria; No Rating Impact. Release.

On June 13, 2017, Fitch issued a report entitled Fitch Revises Distressed Debt Exchange Rating Criteria. Release.

On June 13, 2017, Moody’s released a report entitled Regional and Local Governments. Report.

On June 13, 2017, Moody’s released a report entitled Financial Statement Adjustments in the Analysis of Financial Institutions. Report.

On June 9, 2017, Fitch issued a report entitled Fitch Updates RMBS Lender’s Mortgage Insurance Rating Criteria; No Rating Impact. Release.

On June 8, 2017, Moody’s released a report entitled Moody’s Approach to Rating Structured Finance Interest-Only (IO) Securities. Report.

On June 8, 2017, Fitch issued a report entitled Fitch Releases Updated Thermal Power Project Rating Criteria. Release.

Rating Agency Developments

 

On June 7, 2017, Fitch issued a report entitled Fitch Publishes Updated U.S. Timeshare Loan ABS Rating Criteria. Press Release.

On June 6, 2017, Fitch issued a report entitled Fitch Updates Structured Finance CDOs Surveillance Rating Criteria. Press Release.

The annual CRE Finance Council took place on June 5-7, 2017 in Washington, D.C. KBRA released two recaps of the panel sessions. The first full day was packed with a variety of topics, which ranged from the real estate cycle to tax policy to the current finance regulatory environment June 6 Recap. The final day of the conference included panels on construction lending, loan documents, the borrower experience and servicing fee structures. June 7 Recap.

The 2017 NYU International Hospitality Industry Investment Conference, which provided an overview of the current state of the lodging industry, issues facing the sector and thoughts on its future direction, was held on June 5-6 in New York. KBRA released a summary of key takeaways from the conference. Report.

On June 2, 2017, Fitch issued a report entitled Fitch Updates EMEA RMBS Criteria Addendum for UK: No Rating Impact. Press Release.

On June 1, 2017, Moody’s issued a report entitled Moody’s Approach to Rating SF CDOs. Report.

Rating Agency Developments

 

On June 1, 2017, Kroll Bond Rating Agency released a report entitled KBRA’s Views on the State of the Solar Market. Report.

On May 31, 2017, Kroll Bond Rating Agency released a report entitled Oil Price Increases Won’t Plug CMBS Losses. Report.

On May 26, 2017, DBRS issued a report entitled Rating Canadian Airport Authorities. Report.

On May 26, 2017, DBRS issued a report entitled Rating Public Universities. Report.

On May 26, 2017, DBRS issued a report entitled Rating Companies in the Independent Power Producer Industry. Report.

On May 26, 2017, Moody’s issued a report entitled Global Property and Casualty Insurers. Report.

On May 25, 2017, Fitch issued a report entitled Global Consumer ABS Rating Criteria. Report.

On May 25, 2017, Fitch issued a report entitled U.S. Public Finance Tax-Supported Rating Criteria. Report.

On May 25, 2017, Moody’s issued a report entitled Rating Transactions Based on the Credit Substitution Approach: Letter of Credit-backed, Insured and Guaranteed Debts. Report.

Rating Agency Developments

 

On May 17, 2017, Fitch issued a report entitled Switzerland Residential Mortgage Rating Criteria Addendum. Report.

On May 17, 2017, Fitch issued a report entitled Germany Residential Mortgage Rating Criteria Addendum. Report.

On May 17, 2017, Moody’s issued a report entitled Unregulated Utilities and Unregulated Power Companies. Report.

On May 17, 2017, Moody’s issued a report entitled Midstream Energy. Report.

On May 16, 2017, Moody’s issued a report entitled Power Generation Projects. Report.

On May 15, 2017, DBRS issued a report entitled Rating European Non-Performing Loans Securitzations. Report.

On May 15, 2017, DBRS issued a report entitled Rating Canadian Provincial Governments Methodology. Report.

On May 15, 2017, DBRS issued a report entitled Rating Canadian Municipal Governments. Report.

On May 15, 2017, DBRS issued a report entitled Rating Canadian Provincial Agents of the Crown. Report.

On May 15, 2017, Fitch issued a report entitled Global Consumer ABS Rating Criteria – EMEA and APAC Auto Residual Value Addendum. Report.

On May 11, 2017, DBRS issued a report entitled Italian Salary-Assignment Loan Securitisations – Methodology. Report.

Rating Agency Developments

 

On May 10, 2017, DBRS published its general corporate rating methodology. Report.

On May 10, 2017, DBRS published its methodology for rating companies in the capital goods dealership industry. Report.

On May 10, 2017, DBRS published its criteria for evaluating corporate governance. Report.

On May 10, 2017, Moody’s published its ratings methodology for assessing companies in the independent exploration and production industry. Report.

On May 9, 2017, DBRS published an update to its master surveillance methodology for reviewing its ratings of Canadian structured finance and covered bond transactions. Report.

On May 9, 2017, Moody’s published its ratings methodology for assessing companies in the global surface transportation and logistics industry. Report.

On May 9, 2017, Moody’s published an update to its ratings methodology regarding its approach to pre-refunded and escrow-backed bonds. Report.

On May 8, 2017, DBRS published its methodology for rating Canadian public pension funds and related exclusive asset managers. Report.

On May 5, 2017, DBRS published its methodology for rating credit funds. Report.

On May 5, 2017, Moody’s published its ratings methodology for assessing companies in the global oilfield services industry. Report.

Rating Agency Developments

 

On May 3, 2017, DBRS issued a report entitled Rating Canadian Public Hospitals. Report.

On May 3, 2017, Fitch issued a report entitled Global Structured Finance Rating Criteria. Report.

On May 3, 2017, Moody’s proposed limited updates to its approach for rating US and Canadian conduit/fusion CMBS. Report.

On May 3, 2017, Moody’s proposed changes to its approach to rating asset-backed commercial paper. Report.

On April 28, 2017, DBRS issued a report entitled Operational Risk Assessments for Canadian Structured Finance. Report.

On April 27, 2017, Fitch issued a report entitled Non-Financial Corporates Hybrids Treatment and Notching Criteria. Report.

On April 27, 2017, Fitch issued a report entitled Global Money Market Fund Rating Criteria. Report.

Rating Agency Developments

 

On April 4, 2017, DBRS updated its methodology for rating U.S. residential mortgage-backed securities (RMBS). Report.

On April 4, 2017, DBRS published its methodology for rating U.S. Property Assessed Clean Energy (PACE) securitizations. Report.

On April 4, 2017, DBRS published its methodology for rating structured finance CDO restructurings. Report.

On April 4, 2017, Moody’s published its ratings methodology for assessing companies in the equipment and transportation rental industry. Report.

On March 31, 2017, DBRS published its master methodology for assessing European structured finance. Report.

On March 30, 2017, Fitch updated its rating criteria for U.S. public finance tender option bonds. Report.

On March 30, 2017, Moody’s updated its ratings methodology for market value collateralized loan obligations (MV CLOs). Report.

Rating Agency Developments

 

On March 29, 2017, Moody’s published its approach to assessing credit risk for multilateral development banks and other supranational entities. Report.

On March 28, 2017, DBRS published its methodology for rating Canadian ABCP and related enhancement features. Report.

On March 28, 2017, Fitch published its U.K. income-contingent student loans rating criteria. Report.

On March 28, 2017, Fitch published an update to its rating criteria for trust preferred collateralized debt obligations (TruPS CDOs). Release.

On March 28, 2017, KBRA published its U.S. consumer loan ABS rating methodology. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the forest products industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the radio broadcasting industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the television broadcasting industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the printing industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the publishing industry. Report.

On March 24, 2017, Moody’s published an update to its local currency country risk ceiling for bonds and other local currency obligations. Report.

On March 23, 2017, DBRS published its North American CMBS multi-borrower rating methodology. Report.

On March 23, 2017, Fitch published an update to its criteria for estimating losses on U.S. mortgage pools for RMBS transactions. Report.