Rating Agency Developments

On April 28, S&P issued a press release relating to the reemerging RMBS market and discussing practical considerations of its (i) enhanced mortgage originator review process, (ii) criteria for standard representations and warranties, and (iii) process for reviewing third-party due diligence firms and collateral pool submissions and reports.  S&P Release.

On April 27, Moody’s released its updated methodology for rating U.S. REIT CDOsMoody’s Methodology

On April 27, S&P released its updated methodology and assumptions for rating global credit derivative product companies.  S&P Release

On April 23, S&P published its assumptions for base-case credit losses for Italian banksS&P Release

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