Rating Agencies

Rating Agency Developments

 

On March 18, KBRA published its Coronavirus (COVID-19): Consumer ABS Braces for Disruptions. Report.

On March 13, KBRA published its General Global Rating for Asset-Backed Securities. Methodology.

On March 13, KBRA published its Aviation ABS Global Rating. Methodology.

On March 13, KBRA published its Equipment Lease & Loan Global ABS Rating. Methodology.

On March 13, KBRA published its Project Finance Global Rating. Methodology.

On March 13, KBRA published its Structured Credit Global Rating. Methodology.

On March 12, KBRA published its Financial Guaranty Global Rating. Methodology.

On March 11, DBRS Morningstar published a report entitled: Mapping Financial Institution Internal Ratings to DBRS Morningstar Ratings for Global Structured Credit Transactions. Methodology.

On March 10, Fitch published its rating for Aircraft Operating Lease ABS. Criteria.

On March 9, DBRS Morningstar published its North American CMBS Multi-Borrower Rating. Methodology.

On March 9, Moody’s published its proposed update for rating TruPS CDOs. Methodology.

On March 6, DBRS Morningstar published its North American CMBS Surveillance. Methodology.

On February 19, DBRS Morningstar published its U.S. Federal Family Education Loan Program Securitizations. Criteria.

On February 18, Fitch published its U.S. Public Finance Letter of Credit-Supported Bonds and Commercial Paper Rating. Criteria.

Rating Agency Developments

 

On June 5, Fitch published a methodology for U.S. RMBS Seasoned and Reperforming Loans. Methodology.

On June 4, Fitch published a methodology for APAC Residential Mortgages. Methodology.

On June 3, Moody’s published its updated methodology for Resecuritizations. Methodology.

On May 31, Fitch published its updated methodology for European RMBS. Methodology.

On May 31, Fitch published a methodology for EMEA CMBS and CRE Loans. Methodology.

On May 31, S&P published its updated methodology for Global Equipment ABS. Methodology.

On May 30, Moody’s published its updated methodology for Reverse Mortgage Securitizations. Methodology.

Rating Agency Developments

 

On May 29, Morningstar announced it had entered into a definitive agreement to acquire DBRS, the world’s fourth largest credit ratings agency, for a purchase price of $669 million. The transaction is expected to close in the third quarter of 2019. Press Release.

On May 24, Moody’s published its revised methodology for rating Vacation Timeshare Loan Securitizations. Methodology.

Rating Agency Developments

 

On May 16, DBRS released a commentary titled U.S.-China Relations: Tariffs Accelerated, Negotiations Stalled. The Office of the United States Trade Representative (USTR) increased tariffs to 25% on $200 billion worth of Chinese goods and is working on raising tariffs on all remaining imports from China. Commentary.

On May 16, DBRS launched its fourth annual European Structured Finance and Covered Bond Survey. The invitation for responses is open to all market participants. Release.

Rating Agency Developments

 

On May 8, DBRS published its rating methodology for Public Universities. Methodology.

On May 7, Moody’s published its rating methodology for certain Nonprofit Organizations. Release.

On May 6, DBRS published its methodology for Master Canadian Structured Finance Surveillance. Release.

On May 6, Fitch published its rating criteria for Money Market Funds. Release.

On May 3, Moody’s published its rating methodology for Local Currency Country Risk Ceiling for Bonds and Other Local Currency Obligations. Release.

On May 2, Fitch published its Short-Term Ratings Criteria. Release.

On May 2, Fitch published its rating criteria for Global Structured Finance. Release.

 

Rating Agency Developments

 

On April 9, Fitch published a report entitled: “U.S. Credit Card ABS Performance Mixed.” Report.

On April 8, Fitch published a report entitled: “U.S. CMBS Delinquency Rate Posts Increase in March.” Report.

On April 4, S&P published criteria and guidance reports entitled: “Structured Finance – ABS: U.S. FFELP Student Loan ABS: Methodology and Assumptions.” Criteria. Report.