Rating Agency Developments

 

On January 23, 2018, DRBS published an updated North American Single-Asset/Single-Borrower Methodology. The methodology does not consist of any material changes from the previously issued methodology. According to DBRS, it has not and will not take any rating actions on outstanding securities as a result of the update. Release.

On January 23, 2018, Fitch Ratings published new criteria addressing the ratings of debtor-in-possession (“DIP”) instruments. The new criteria describes Fitch’s approach for assigning new international credit ratings to U.S. DIP instruments. Release.

On January 22, 2018, DBRS published the methodology “Rating North American CMBS Interest-Only Certificates,” which explains its approach to rating interest-only certificates within both single-asset/single-borrower transactions and multi-borrower transactions. Release.

On January 18, 2018, S&P published guidance on how it applies ‘CCC’ criteria in its rating analysis. Release.