Rating Agency Developments

On October 6, Fitch published an exposure draft on counterparty criteria for covered bonds.  Fitch anticipates reviewing the covered bond ratings of programs affected by the  final criteria over a six month period after the publication of the final criteria. Fitch Release. Fitch Exposure Draft.

On October 4, Fitch updated its EMEA auto residual value ABS criteria. Fitch Release. Fitch Criteria.