Restricted Default

Rating Agency Developments

On January 11, S&P updated its methodology and assumptions for rating and monitoring U.S. auto loan ABS. S&P Release.

On January 11, Fitch published an updated report on ‘Guidelines for Rating Prerefunded Municipal Bonds‘. Fitch Release. Fitch Report.

On January 12, Fitch revised its Ratings Definitions to remove the term “Shadow Ratings” and to add an “RD”, Restricted Default, definition to National scale short- and long-term Issuer Default Ratings. Fitch Release.