money market fund

FDIC Issues Proposed Rule to Address Deposit Insurance Assessment Effect on Participation in the PPP, PPP Lending Facility and MMF Liquidity Facility

 

On May 12, the FDIC issued a proposed rule to mitigate the deposit insurance assessment effects of participating in the PPP and the PPP and Money Market Fund Liquidity Facilities. The proposed rule would remove certain FDIC assessment impacts on banks as a result of their participation in the PPP and the lending facilities. Release.

Rating Agency Developments

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

On May 25, Moody’s updated its approach to rating tobacco settlement revenues securitizations. Moody’s Methodology.

On May 24, Fitch published updated criteria for rating U.S. auto lease ABS. Fitch Release.

On May 24, Fitch revised its criteria for moral obligation backed bonds, a non-legislatively binding mechanism provided by a governmental entity to support debt separately secured by a pledged revenue stream. Fitch Release. Fitch Report.

On May 23, Moody’s published updated criteria for rating U.S. auto-loan ABS. Moody’s Release.

On May 23, Moody’s announced that its revised methodology for money market fund ratings (published on March 10, 2011) is now effective. Moody’s Release. Moody’s Methodology.

On May 20, Fitch released its franchise loan ABS surveillance criteria. Fitch Release.

Note: Free registration is required for Fitch and Moody’s releases and reports.

Rating Agency Developments

On March 10, Moody’s revised its money market fund rating methodology and symbols. Moody’s Release.

On March 10, Fitch updated its criteria on U.S. commercial mortgage Re-REMICs. Fitch Report.

On March 8, Fitch updated its rating methodology for securities backed by Dutch residential mortgage loans. Fitch Release. Fitch Report.

On March 8, DBRS released its methodology for Canadian structured finance flow-through ratings. DBRS Release.

On March 7, DBRS released its methodology for commercial mortgage servicer evaluations. DBRS Release.

Note: Free registration is required for Fitch and Moody’s releases and reports.