CLOs

Rating Agency Developments

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On June 1, Fitch published its updated global rating criteria for CLOs backed by loans to medium-sized enterprises. Fitch Report.

On May 31, S&P updated its methodology and assumptions for assessing counterparty risk in covered bond programs. S&P Report.

On May 30, Moody’s released its approach to rating Australian RMBS. Moody’s Report.

On May 30, Fitch updated its structured finance counterparty criteria. Fitch Release.

On May 30, Fitch updated is structured finance SPV criteria. Fitch Report.

On May 29, DBRS released its methodology for U.S. structured finance transactions backed by direct pay letters of credit. DBRS Report.

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Rating Agency Developments

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On August 4, Fitch updated its global structured finance rating criteria. Fitch Release.

On August 3, Moody’s detailed its approach to Investment Manager Quality assessments. Moody’s Report.

On August 2, Fitch withdrew its criteria for rating: (i) debtor-in-possession loan facilities and (ii) covenant-light loans and CLOs. Fitch Release (DIP). Fitch Release (CLO).

On August 1, Fitch replaced investment provider guidelines with structured finance counterparty criteria. Fitch Release.

On August 1, S&P updated its methodology for rating U.S. rental fleet securitizations. S&P Criteria.

On July 29, Fitch removed Loss Severity Ratings from its Ratings Definitions. Fitch Release.

On July 29, Moody’s released its methodology for rating rental car ABS and rental truck ABS. Moody’s Methodology.

On July 27, DBRS released its third-party due diligence criteria for U.S. RMBS transactions. DBRS Methodology.

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Rating Agency Developments

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On June 23, Fitch withdrew its Japanese servicer rating criteria. Fitch Release.

On June 22, Moody’s updated its approach to rating CLOs. Moody’s Methodology.

On June 20, Fitch updated its thermal power project rating criteria. Fitch Release.

On June 20, Fitch updated its internal liquidity criteria. Fitch Release.

On June 20, Fitch updated its revenue-supported rating criteria. Fitch Release.

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