commercial paper

Rating Agency Developments

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On May 31, Moody’s released its methodology for rating bond funds.  Moody’s Report. 

On May 31, Moody’s released its methodology for rating obligations with variable promises.  Moody’s Report. 

On May 30, Moody’s released its methodology for rating securities issued by U.S. closed-end funds.  Moody’s Report. 

On May 28, Moody’s released its approach to rating RMBS using the “Moody’s Individual Loan Analysis” (MILAN) framework.  Moody’s Report. 

On May 28, Moody’s released its approach to originator assessments in RMBS transactions.  Moody’s Report. 

On May 24, Moody’s released its methodology for rating variable rate demand bonds or commercial paper supported by conditional liquidity facilities.  Moody’s Report. 

On May 24, Moody’s released its approach to rating future receivables transactions.  Moody’s Report. 

On May 24, Fitch released its global structured finance master rating criteria, which is applicable to all structured finance asset classes.  Fitch Report. 

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Rating Agency Developments

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On November 29, S&P released its counterparty risk framework methodology.  S&P Release.

On November 29, S&P released its criteria for stressing foreign currency risk in unhedged or partially hedged structured finance transactions.  S&P Release.

On November 28, DBRS released its methodology for mapping financial institutional internal ratings to DBRS ratings for global structured credit transactions.  DBRS Report. 

On November 27, Fitch published a report on rating U.S. municipal short-term debt.  Fitch Report. 

On November 27, Fitch released its guidelines for rating cash pools using money market fund criteria.  Fitch Release. 

On November 27, DBRS released its operational risk assessment for European structured finance servicers.  DBRS Report. 

On November 26, DBRS released its commercial paper liquidity support criteria for corporate non-bank issuers.  DBRS Report.

On November 26, S&P updated its methodology for rating multilateral lending institutions and other nonbank supranational institutions.  S&P Report.

On November 22, DBRS released its criteria for public-private partnerships.  DBRS Report. 

On November 21, Moody’s released its approach for securities backed by Brazilian consumer assets.  Moody’s Report.

On November 16, S&P updated its criteria for evaluating geographic concentration in U.S. RMBS mortgage pools.  S&P Report.

Rating Agency Developments

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On March 30, DBRS released its Canadian structured finance surveillance methodology. DBRS Report.

On March 30, Moody’s released its global methodology for incorporation of joint-default analysis into its bank ratings. Moody’s Report.

On March 29, S&P published its criteria for rating commercial paper programs issued by sovereign governments. S&P Release.

On March 28, S&P released its methodology for assessing the impact of interest shortfalls on U.S. RMBS. S&P Release.

On March 28, Fitch released its state housing finance agencies general obligation rating criteria. Fitch Report.

On March 27, Moody’s released its methodology for rating special tax bonds. Moody’s Report.

On March 26, DBRS released a general methodology for rating Canadian structured finance transactions. DBRS Report.

Note: Free registration is required for Fitch, Moody’s and S&P releases and reports.