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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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 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.
On November 13, Moody’s released its FHA-VA RMBS surveillance methodology. Moody’s Report.
On November 12, Moody’s released its approach to assessing swap counterparties in cash flow transactions. Moody’s Report.
On November 12, DBRS released its rating methodology for assessing Europeanresidential mortgage portfolios. DBRS Report.
On November 11, Moody’s released its approach to rating Japanese RMBS transactions. Moody’s Report.
On November 11, S&P released its RMBS methodology for rating condominium investment loan securitizations in Japan. S&P Report.
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