SueAnn Yue

Partner

Los Angeles


Read full biography at www.orrick.com
SueAnn Yue, a Partner in the Los Angeles office, is a member of the Structured Finance Group.

SueAnn represents issuers, sponsors, placement agents, servicers, underwriters, and other market participants in connection with both public offerings and private placements, asset acquisitions and sales and the negotiation of lending facilities.

Her practice encompasses a variety of asset-backed securities, including credit and charge card receivables, residential mortgage-backed securities (RMBS), agency and government sponsored mortgage loans, and tax lien-backed securities.

SueAnn advises clients on the implications of financial markets regulation, including the implementation of the Dodd-Frank Act. SueAnn is also an editor of Orrick's Financial Industry Week in Review.

Posts by: SueAnn Yue

Rating Agency Developments

On December 9, 2015, Moody’s published its global methodology for rating securities backed by pools of auto loans and auto leases to individuals. Report.

On December 8, 2015, Moody’s published its methodology for rating the temporary investment of cash in structured finance transaction accounts. Report.

On December 7, 2015, Fitch updated its criteria for recovery estimates and recovery ratings and clarified the notching guidance for unsecured debt of issuers rated in the ‘BB’ category and above. Report.

On December 4, 2015, Fitch updated its criteria for not-for-profit hospitals and health systems outside the U.S. Report.

On December 4, 2015, Moody’s updated and replaced its existing methodology for how Moody’s Loss Given Default framework is used in making rating distinctions. Report.

On December 3, 2015, Fitch updated its criteria for rating U.S. equipment lease and loan ABS. Report.

On December 3, 2015, Fitch published its Global Consumer ABS Rating Criteria for analyzing credit risk in asset-backed securities backed by consumer receivables globally. Report.

On December 3, 2015, Fitch updated its recovery ratings and notching criteria for equity REITs. Report.

On December 3, 2015, Kroll published its methodology for rating the financial strength of private mortgage insurance companies. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. CMBS single borrower and large loan transactions. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. CMBS multi-borrower transactions. Report.

On December 3, 2015, Kroll published its methodology for rating U.S. distressed commercial real estate liquidating trust securitizations. Report.

On December 3, 2015, Kroll updated its CMBS property evaluation methodology. Report.

U.S. Swap Dealers and Non-U.S. Major Swap Participants Under SDR Reporting Rules

On November 9, the U.S. Commodity Futures Trading Commission’s (the “CFTC“) Division of Market Oversight issued a time-limited no-action letter extending the relief provided in CFTC Letter No. 14-141. The relief applies to non-U.S. swap dealers (“SD“) and non-U.S. major swap participants (“MSP“) established in Australia, Canada, the European Union, Japan or Switzerland that are part of an affiliated group in which the ultimate parent entity is a U.S. SD, U.S. MSP, U.S. bank, U.S. financial holding company, or U.S. bank holding company.  The extension grants no-action relief to these entities for failing to comply with the swap data reporting requirements of Part 45 and Part 46 of the CFTC’s SDR Reporting Rules with respect to their swaps with non-U.S. counterparties that are not guaranteed affiliates, or conduit affiliates, of a U.S. person. Such relief will expire on the earlier of (i) 30 days after the CFTC issues a comparability determination with respect to the SDR Reporting Rules for the jurisdiction in which the non-U.S. SD or non-U.S. MSP is established or (ii) December 1, 2016.  Press ReleaseNo-Action LetterNo-Action Letter.

Rating Agency Developments

On November 11, DBRS published its ratings methodology for Canadian credit cards and personal line of credit securitizationsReport.

On November 10, Moody’s published its methodology for rating single-family rental (SFR) securitizations.  Report.

On November 6, Moody’s published its methodology for rating Slovak residential mortgage-backed securitiesReport.

On November 6, Moody’s published its methodology for rating securities backed by fleet leases and related vehicles.  Report.

On November 6, Moody’s published its methodology for rating securities issued through Brazilian Fundo de Investimento em Direitos Creditorios (FIDC).  Report.

On November 5, Fitch updated its rating criteria for charter schoolsReport.