On January 12, DBRS released its methodology for operational risk assessment for European structured finance servicers. Methodology.
On January 8, Moody’s revised its approach to rating single family rental securitizations. Approach.
operational risk
Rating Agency Developments
On October 9, S&P released its updated global methodology and assumptions for assessing the credit quality of securitized non-real estate related consumer receivables, including, but not limited to, auto, credit card, student, and unsecured personal loan asset-backed securities. Report.
On October 9, S&P released its updated criteria for analyzing cash flows of structured finance securities. Report.
On October 9, S&P released its updated methodology and assumptions for assessing operational risk associated with transaction parties in structured finance transactions. Report.
On October 7, Moody’s released its bankruptcy remoteness criteria for special purpose entities in global structured finance transactions. Report.
On October 7, Fitch released its updated Global Structured Finance and Covered Bonds Rating Criteria Hierarchy. Report.
On October 3, Fitch released its criteria for rating nonprofit nursing homes. Report.
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Rating Agency Developments
On May 17, Fitch published a report entitled “Criteria for Rating U.S. Mortgage REITs and Similar Finance Companies” that addresses long-term Issuer Default Ratings (IDRs) for mortgage real estate investment trusts (REITs) and similar finance companies, as well as credit ratings for corporate debt obligations and preferred stock of these issuers. Fitch Release. Fitch Report.
On May 19, S&P requested comments on proposed changes to its methodology for evaluating insurers’ economic capital models through a refinement of its current enterprise risk management criteria. S&P Release.
On May 18, S&P updated its rating assumptions for problem assets and credit costs of Russian banks. S&P Release.
On May 11, DBRS published methodology for stability ratings for structured income funds. DBRS Methodology.
On May 6, Moody’s issued a request for comment regarding its approach to operational risk in global structured finance transactions. Comments on the report are requested by June 15. Moody’s Release.
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