distressed debt

Rating Agency Developments

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On August 2, Fitch released its criteria for the rating of distressed debt exchanges.  Fitch Release.

On August 1, Fitch released its criteria for the use of lenders’ mortgage insurance (LMI) in RMBS transactions.  Fitch Release.

On August 1, Fitch released its criteria for rating RMBS and covered bonds supported by residential mortgages in the Asia-Pacific (APAC) region.  Fitch Release.

On July 29, S&P released a request for comment on proposed changes to its criteria for rating global non-diversified auto dealer floorplan ABS.  Comments must be submitted by September 27.  S&P Release.

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Rating Agency Developments

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On July 12, S&P released a request for comment on its methodology and assumptions for rating U.S. small business loan-backed securitizations.  Comments must be submitted by August 15.  S&P Report. 

On July 10, Fitch released its criteria for rating U.S. tobacco settlement ABS.  Fitch Report. 

On July 10, Fitch released its criteria for rating trust-preferred CDOs.  Fitch Report. 

On July 9, Fitch released its EMEA consumer ABS rating criteria, along with the related auto residual value addendum.  Fitch Report (Consumer ABS).  Fitch Report (Auto Residual Value Addendum). 

On July 3, Fitch released its distressed debt exchange criteria for structured finance.  Fitch Report. 

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