On June 25, S&P announced the categories of debt instruments whose ratings will carry a structured finance identifier as required under the new European regulation on credit rating agencies. The symbol will be applied to all relevant structured finance ratings globally by early September. S&P Release.
On June 24, S&P revised its methodology for deriving recovery rates for U.S. CMBS held in re-REMICs or CDO transactions. S&P Release.
On June 24, Fitch released a report on ratings comparability which discusses Fitch’s goal of comparability of default risk across asset classes for like-rated securities. Fitch Release.
On June 21, S&P published updated assumptions for loan losses that banks in Spain will experience under their credit stress testing methodology. S&P Release.
On June 21, S&P published its revised methodology and assumptions for global railcar and container lease securitizations. S&P Release.
On June 22, DBRS published its methodology for rating Canadian equipment finance securitizations. DBRS Release.
Note: Free registration is required for S&P and Fitch releases and reports.