On March 17, Fitch published its global rating criteria for analyzing servicing continuity risk in structured finance transactions. Fitch Release.
On March 18, Fitch published a special report clarifying its treatment of rated closed-end fund (CEF) liabilities that carry ‘make-whole’ or other prepayment penalties. Fitch Release. Fitch Report.
On March 17, S&P published supplemental criteria for assessing structured finance transactions that allow for changes in the priority of payments to subclasses within a specified series of notes following a non-monetary event of default. S&P Release.
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