On August 31, the Consumer Financial Protection Bureau (CFPB) issued a report examining the early impact of the COVID-19 pandemic on consumer credit. The report noted no significant negative impact on consumer credit or delinquencies, focusing on mortgage, auto loans, credit cards and student loans, from March 2020 to June 2020, suggesting programs such as the CARES Act may have positively impacted consumer credit during this time. Report.
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.
On September 4, Fitch released its criteria for rating covered bonds. Fitch Report.
On September 3, DBRS released its methodology for Canadian residential mortgage servicer evaluations. DBRS Report.
On August 29, DBRS released its methodology for rating U.S. retail auto loan securitizations, along with the related unified interest rate model. DBRS Report (methodology). DBRS Report (interest rate model).
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