Rating Agency Developments

On March 30, 2016, Moody’s published its rating methodology for assessing green bonds. Report.

On March 30, 2016, DBRS published its methodology for rating Canadian structured finance instruments. Report.

On March 30, 2016, DBRS updated and is requesting comment on its methodology for analyzing the credit risk of European RMBS. Report.

On March 30, 2016, DBRS published and is requesting comment on its methodology for analyzing Spanish mortgages. Report.

On March 29, 2016, DBRS published and is requesting comment on its methodology for conducting surveillance on U.S. ABS. Report.

On March 29, 2016, DBRS published and is requesting comment on its operational risk assessment methodology for U.S. ABS servicers. Report.

On March 29, 2016, DBRS published and is requesting comment on its operational risk assessment methodology for U.S. ABS originators. Report.

On March 29, 2016, DBRS published and is requesting comment on its methodology for rating pooled aircraft lease securitizations. Report.

On March 24, 2016, DBRS published its rating methodology for supranational institutions, or multilateral financial institutions (MFIs). Report.

On March 24, 2016, Fitch updated its rating criteria for U.S. auto lease ABS. Press Release.

On March 24, 2016, S&P published its methodology and assumptions for U.S. tobacco settlement securitizations. Report.

Rating Agency Developments

On March 2, S&P updated its criteria for rating certain U.S. RMBS backed by pre-2009 originated mortgage loansReport.

On March 1, Moody’s updated its rating methodology for U.S. public electric utilities with generation ownership exposure.  Report.

On February 25, Fitch published its rating criteria for airportsReport.

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 April 24, Fitch released its updated U.S. Auto Lease ABS Ratings CriteriaReport.

On April 27, DBRS released its Rating Canadian Covered Bonds MethodologyReport.

On April 27, S&P updated its Bank Rating Methodology and Assumptions to add a new Additional Loss-Absorbing Capacity component, effective immediately.  Report.

On April 28, Moody’s released its Rating Methodology for the Homebuilding and Property Development Industry. Report.

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 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 September 19, Fitch released its criteria for analyzing large loans within single-borrower or multiborrower U.S. CMBS transactionsReport

On September 17, DBRS released its methodology for rating U.S. structured finance transactionsReport

On September 17, DBRS released its third-party due diligence criteria for U.S. RMBS transactionsReport

On September 16, S&P released its criteria and key credit factors for several types of project finance transactions, including:

On September 16, S&P also released its methodology for assessing operating risks, its methodology of assessing transaction structure risks and its framework methodology for project finance transactions:

On September 16, Moody’s released its rating methodology for credit card receivables-backed securities and other securities backed by revolving consumer loansReport

On September 16, Fitch released its revised Fund Quality Ratings assessing funds’ investment processes and operational attributes.  Report

On September 15, Fitch released its revised rating criteria for trade receivables securitizationsReport

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SEC Sends Wells Notice to S&P Concerning MBS Ratings

On July 23, S&P’s parent company, McGraw Hill Financial Inc., disclosed that it received a Wells notice indicating that the SEC’s enforcement staff had made a preliminary determination to recommend that the SEC institute an enforcement action against S&P alleging violation of federal securities laws with respect to S&P’s ratings of six commercial MBS transactions in 2011 and public disclosures made by S&P regarding those ratings thereafter.  S&P will have the opportunity to respond to provide its perspective and to address the issues raised by the enforcement staff before any enforcement proceeding is initiated.  Press Release.