SEC Rule 17g-5

Rating Agency Developments

On April 22, Fitch announced its plan to address the implementation of the recent amendment to SEC Rule 17g-5 related to disclosures with respect to structured finance credit ratings.  Fitch Release.

On April 19, S&P updated its methodology and assumptions for rating U.S. credit card ABS.  S&P Release.

On April 15, S&P revised its methodology for rating interest-only (IO) securities.  S&P Release.

On April 16, Fitch addressed long-term Issuer Default Ratings (IDRs) for equity real estate investment trusts (REITs) and real estate operating companies (REOCs), as well as credit ratings for revolving credit facilities, long-term senior debt obligations, and preferred stock of these issuers.  Fitch ReleaseFitch Report.

On April 22, DBRS released its methodology for rating U.S. insurance premium finance securitizations.

 DBRS Release.

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