On June 29, Fitch announced that it will begin reviewing ratings on U.S. FFELP student loan ABS based on its updated surveillance criteria which incorporates a more refined approach to basis risk. Release.

On July 2, Fitch released a report detailing its rating criteria for asset managers on a national scale.  Fitch’s National Asset Manager Rating scale provides investors with a relative measure of an asset management organization’s vulnerability to operational and investment management failures relative to other managers in the same country. Release. 

On June 25 and 30, Moody’s released comprehensive reports outlining its current approach to rating CMBS and RMBS transactions in Japan. CMBS Release. RMBS Release. 

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