Rating Agency Developments

On June 7, Fitch released its criteria for Japanese CMBS surveillance.  Fitch Report

On June 6, Fitch released updated EMEA RMBS criteria, including (i) its master rating criteria for EMEA RMBS transactions; (ii) its criteria for the analysis of cash flows in EMEA RMBS transactions and (iii) its EMEA residential mortgage loss criteria.  Fitch EMEA Master Criteria ReportFitch EMEA Cashflows ReportFitch EMEA Mortgage Loss Report

On June 4, Moody’s released its global structured finance operational risk guidelines.  Moody’s Report

On June 3, Fitch updated its covered bonds rating criteria with a mortgage liquidity and refinance stress addendum.  Fitch Report

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