Rating Agency Updates

On November 18, Fitch noted that restrictions in dialogue between U.S. CMBS special servicers and rating agencies caused by SEC Rule 17g-5 may have the unintended consequence of producing unnecessary rating volatility. Fitch Release.

On November 16, S&P clarified its methodology and assumptions for assessing borrower-level SPEs in U.S. CMBS pools. S&P Release.

On November 17, Fitch updated its criteria for surveillance of U.S. fixed-rate CMBS transactions. Fitch Release.

On November 15, Fitch updated its criteria report outlining its methodology to analyze the credit quality of derivative product companies. Fitch Release. Fitch Report.

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