KBRA

Rating Agency Developments

Howard S. Altarescu, Amy Chan and Alexander RadisichPosted on July 10, 2017

On July 7, 2017, Kroll published its Research Recap for Q2 2017. Here are several articles of interest:

ABS: KBRA Comments on Alitalia Extraordinary Administration Request
AVIATION: 2017 Update Aircraft leasing Industry, How Private Placement Financings Contribute to Funding of Aircraft, KBRA Comments on Air Lease Corporation’s Exposure to Alitalia, KBRA Comments on Nordic Aviation Capital DAC’s Exposure to Alitalia, KBRA Comments on the Impact of Alitalia Extraordinary Administration Request on Aircraft Lessors
CMBS: KBRA May Trend Watch Newsletter, NYU International Hospitality Industry Investment Conference Briefing, Oil Price Increases Won’t Plug CMBS Losses
CORPORATES: Rating in a Vacuum or Rating in a Real World?
FINANCIAL GUARANTY: Rating Risk and the Financial Guarantors: Deja Vu All Over Again
FINANCIAL INSTITUTIONS: The Case for Community Banks, First Quarter 2017 Long-Term Bank Ratings Compendium, Trends for Business Development Companies 2017
INSURANCE: Reinsurance Pricing and Capacity Are Rays of Sunshine for Florida Insurance Market
MACRO-MARKET: China’s Imperial Ambitions, Tidal Waves in the Gulf
PUBLIC FINANCE: In Bankruptcy Municipal Bondholders are Behind the Eight Ball, KBRA’s View on the State of the Solar Market: Conference Call Recap, Puerto Rico: Is It Doing Enough to Regain Capital Market Access?, Puerto Rico’s Economic Prospects Deepen its Quagmire
RMBS: Freddie Mac ‘HVE’ LTV May Be Leading Indicator in STACR
SOVEREIGNS: KBRA Comments on French Election

On June 29, 2017, DBRS published an update to its rating methodology for U.S. equipment lease and loan securitizations. Report.

On June 29, 2017, Fitch published an update to its rating criteria for insurance-linked securities. Release.

On June 28, 2017, Fitch published a report entitled U.S. State Housing Finance Agencies: Single-Family Mortgage Program Rating Criteria. Report.

On June 28, 2017, Fitch published a report entitled U.S. RMBS Surveillance and Re-REMIC Rating Criteria. Report.

On June 23, 2017, Moody’s published a report entitled Regulated Electric and Gas Utilities. Report.

On June 23, 2017, S&P issued a report entitled RMBS: Methodology And Assumptions: Assessing Pools Of Residential Loans In Austria, Denmark, Germany, And Sweden. Report.

On June 22, 2017, S&P issued a report entitled ABS: Global Methodology And Assumptions For Corporate Securitizations. Report.

On June 22, 2017, Fitch published a report entitled U.S. RMBS Rating Criteria. Report.

On June 22, 2017, Fitch published a report entitled EMEA CMBS and CRE Loan Rating Criteria. Report.

Rating Agency Developments

Elizabeth J. EliasPosted on April 3, 2017

On March 29, 2017, Moody’s published its approach to assessing credit risk for multilateral development banks and other supranational entities. Report.

On March 28, 2017, DBRS published its methodology for rating Canadian ABCP and related enhancement features. Report.

On March 28, 2017, Fitch published its U.K. income-contingent student loans rating criteria. Report.

On March 28, 2017, Fitch published an update to its rating criteria for trust preferred collateralized debt obligations (TruPS CDOs). Release.

On March 28, 2017, KBRA published its U.S. consumer loan ABS rating methodology. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the forest products industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the radio broadcasting industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the television broadcasting industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the printing industry. Report.

On March 24, 2017, DBRS published its methodology for rating companies in the publishing industry. Report.

On March 24, 2017, Moody’s published an update to its local currency country risk ceiling for bonds and other local currency obligations. Report.

On March 23, 2017, DBRS published its North American CMBS multi-borrower rating methodology. Report.

On March 23, 2017, Fitch published an update to its criteria for estimating losses on U.S. mortgage pools for RMBS transactions. Report.

Rating Agency Developments

Elizabeth J. EliasPosted on January 9, 2017

On January 4, 2017, KBRA updated its methodology for rating Single-Family Rental (SFR) securitizations. Report.

On January 4, 2017, KBRA updated its methodology for rating U.S. CMBS multi-borrower securitizations. Report.

On December 30, 2016, DBRS updated its Canadian surveillance methodology for CDOs of large corporate credit. Report.

On December 29, 2016, Fitch updated its rating criteria for U.S. equipment lease and loan ABS. Report.

Rating Agency Developments

SueAnn YuePosted on August 15, 2016

On August 10, 2016, KBRA published its rating methodology for global closed-end fund securities issuances. Report.

On August 10, 2016, KBRA published its rating methodology for global investment funds. Report.

On August 10, 2016, KBRA published its rating methodology for enhanced equipment trust certificates and secured aircraft debt. Report.

On August 10, 2016, KBRA published its rating methodology for global passenger airlines. Report.

On August 9, 2016, Fitch updated its rating criteria for sports facilities, leagues and franchises. Report.

On August 8, 2016, S&P published its methodology for rating corporate cash flow and synthetic collateralized debt obligations (CDOs). Report.

On August 8, 2016, S&P published its methodology for rating above the sovereign in structured finance transactions. Report.

On August 4, 2016, Fitch published its rating criteria for SHFA mortgage insurance or guarantee funded programs. Report.

On August 4, 2016, Fitch updated its rating criteria for commercial mortgage-backed securities and loans in EMEA. Report.

Rating Agency Developments

Elizabeth J. EliasPosted on February 5, 2016

On February 2, DBRS released its critical obligations rating criteria. Research.

On February 1, KBRA released its general rating methodology as it pertains to corporate issuers. Report.

Rating Agency Developments

Elizabeth J. EliasPosted on October 12, 2015

On October 1, DBRS published its U.S. RMBS rating methodology. Methodology.

On October 1, DBRS published its rating methodology for European consumer and commercial ABS transactions. Methodology.

On October 1, DBRS published its methodology for rating companies in the mining industry. Methodology.

On October 1, DBRS published its methodology for rating operators in the container terminal industry. Methodology.

On October 1, Fitch updated its criteria for rating U.S. RMBS. Criteria.

On October 1, Moody’s published its methodology for rating public housing authority (PHA) capital fund bonds issued in the U.S. municipal market. Methodology.

On October 2, Moody’s published its methodology describing its approach to monitoring existing securities backed by low-income residential construction loans to developers in Mexico. Methodology.

On October 5, Fitch updated its methodology for analyzing U.S. Tobacco Settlement ABS. Criteria.

On October 5, Fitch updated its global rating criteria for trade receivables securitizations. Criteria.

On October 5, KBRA released a proposed U.S. Equity REITs & REOC rating methodology. Methodology.

On October 5, Moody’s published its approach in considering data quality in structured finance transactions. Methodology.

On October 6, DBRS published its methodology for rating sovereign governments. Methodology.

On October 7, DBRS published its global methodology for rating life and property/casualty insurance companies and insurance organizations. Methodology.

Rating Agency Developments

Robert B. Moyle, Chris Min and Elizabeth J. EliasPosted on June 1, 2015

On May 29, DBRS released its updated methodology for rating U.S. asset-backed commercial paper. Report.

On May 29, Fitch republished its criteria for rating supranationals. Report.

On May 28, Fitch released its updated criteria for rating new-issue U.S. and Canadian multiborrower CMBS. Report.

On May 28, Fitch released its updated criteria for rating solar power projects. Report.

On May 27, DBRS released its updated methodology for operational risk assessment of U.S. ABS servicers. Report.

On May 27, Moody’s released its global methodology for rating reverse mortgage securitizations. Report.

On May 26, KBRA released its methodology for rating full-recourse secured aircraft-debt instruments issued by airlines and aircraft lessors. Report.

Rating Agency Developments

Editorial BoardPosted on July 22, 2013

On July 19, Moody’s issued its U.S. RMBS surveillance methodology. Moody’s Report.

On July 19, DBRS released its criteria for rating guarantees and other forms of explicit support. DBRS Report.

On July 19, KBRA released its financial guaranty rating methodology. KBRA Report.

On July 19, Fitch released its national scale criteria for rating money market funds. Fitch Report.

On July 17, Fitch released its criteria for evaluating third-party partial credit guarantees. Fitch Report.

On July 16, Fitch released its criteria for rating U.S. RMBS. Fitch Report.

Note: Free registration is required for rating agency releases and reports.

Rating Agency Developments

Editorial BoardPosted on June 24, 2013

On June 20, Moody’s released its methodology for assessing tail risk in Australian RMBS transactions. Moody’s Report.

On June 19, Moody’s released its U.S. RMBS surveillance methodology. Moody’s Report.

On June 19, KBRA released its financial guaranty rating methodology. KBRA Report.

On June 18, Fitch released its criteria for rating future flow securitizations. Fitch Report.

On June 18, S&P released an advance notice of proposed criteria change for non-financial corporate issuers. S&P Release.

On June 17, Fitch released its criteria for rating thermal power projects. Fitch Report.

On June 14, Fitch released its criteria for rating letter of credit-supported bonds. Fitch Report.

Note: Free registration is required for rating agency releases and reports.

Rating Agency Developments

Editorial BoardPosted on May 7, 2013

On May 2, KBRA released its methodology for rating global banks and bank holding companies. KBRA Report.

On April 30, Fitch released its criteria for rating U.S. auto lease ABS. Fitch Report.

On April 26. S&P released its criteria for rating Canadian auto loan ABS. S&P Report.

Note: Free registration is required for rating agency releases and reports.

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