rating methodology

Rating Agency Developments

On February 9, DBRS published its methodology for rating Canadian government STRIP bonds. Report.

On February 9, DBRS published its methodology for guarantees and other forms of support. Report.

On February 9, DBRS published its methodology for rating CLOs and CDOs of large corporate credit. Report.

On February 9, DBRS published its methodology outlining cash flow assumptions DBRS applies to rating corporate credit securitizations. Report.

Rating Agency Developments

On December 16, 2015, Fitch released updated Criteria Assumptions for UK Residential Mortgages. Press release.

On December 16, 2015, Fitch released updated EMEA RMBS Rating Criteria, which had no impact on existing ratings. Press release.

On December 15, 2015, S&P issued Structured Finance Temporary Interest Shortfall Methodology, effective immediately (except where notification or registration is required). Report.

On December 15, 2015, DBRS released a report entitled Global Methodology for Rating Banks and Banking Organisations. Report.

On December 15, 2015, DBRS released a report entitled DBRS Criteria: Support Assessments for Banks and Banking Organisations. Report.

On December 15, 2015, DBRS released a report entitled Master European Structured Finance Surveillance Methodology. Report.

On December 15, 2015, DBRS released a report entitled Operational Risk Assessment for European Structured Finance Originators. Report.

On December 14, 2015, Moody’s published its Global Approach to Rating Collateralized Loan Obligations. Report.

On December 10, 2015, Fitch released updated Criteria for Analysis of Commercial Real Estate Loans Securing Covered Bonds. Press release.

Rating Agency Developments

On December 9, 2015, Moody’s published its global methodology for rating securities backed by pools of auto loans and auto leases to individuals. Report.

On December 8, 2015, Moody’s published its methodology for rating the temporary investment of cash in structured finance transaction accounts. Report.

On December 7, 2015, Fitch updated its criteria for recovery estimates and recovery ratings and clarified the notching guidance for unsecured debt of issuers rated in the ‘BB’ category and above. Report.

On December 4, 2015, Fitch updated its criteria for not-for-profit hospitals and health systems outside the U.S. Report.

On December 4, 2015, Moody’s updated and replaced its existing methodology for how Moody’s Loss Given Default framework is used in making rating distinctions. Report.

On December 3, 2015, Fitch updated its criteria for rating U.S. equipment lease and loan ABS. Report.

On December 3, 2015, Fitch published its Global Consumer ABS Rating Criteria for analyzing credit risk in asset-backed securities backed by consumer receivables globally. Report.

On December 3, 2015, Fitch updated its recovery ratings and notching criteria for equity REITs. Report.

On December 3, 2015, Kroll published its methodology for rating the financial strength of private mortgage insurance companies. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. CMBS single borrower and large loan transactions. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. CMBS multi-borrower transactions. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. distressed commercial real estate liquidating trust securitizations. Report.

On December 3, 2015, Kroll updated its CMBS property evaluation methodology. Report.

Rating Agency Developments

On June 1, DBRS released its RMBS Insight 1.2:  U.S. Residential Mortgage-Backed Securities Model and Rating MethodologyReport.

On June 1, Fitch released its U.S. RMBS Surveillance and Re-REMIC CriteriaReport.

On June 1, Moody’s issued RMBS Rating Methodology Supplement – IsraelReport.

On June 1, S&P issued Revised Assumptions For Rating U.S. RMBS Prime, Alternative-A, And Subprime Loans Incorporated Into LEVELS Version 7.4.3, effective immediately.  Report.

On June 1, S&P issued Revised U.S. Residential Mortgage Input File Format, Glossary, And Appendices To The Glossary For LEVELS Version 7.4.3, effective immediately.  Report.

On June 2, Fitch released its State Housing Finance Agencies:  MBS Pass-Through Bond Rating CriteriaReport.

On June 3, Fitch released its Criteria for Rating U.S. Timeshare Loan ABSReport.

On June 5, Fitch released its U.S. Nonprofit Institutions Rating CriteriaReport.

On June 5, S&P released its Global Container Lease-Backed ABS Methodology And AssumptionsReport.

Rating Agency Developments

On March 22, S&P released its methodology for Canadian credit card ABS.  S&P Release. 

On March 20, Fitch updated its criteria for stressing interest rate risk in structured finance transactions.  Fitch Report. 

On March 19, S&P  released its U.S. public finance long-term municipal pool methodology.  S&P Methodology.

On March 19, Fitch updated its rating guidelines for CP programs issued with external support.  Fitch Report.

On March 19, Moody’s released its finance company global rating methodology.  Moody’s Report. 

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