servicing continuity risk

Rating Agency Developments

 

On September 7, 2016, Moody’s updated and replaced its approach to assessing credit risk for U.S. charter schools. Report.

On September 7, 2016, S&P published its global framework criteria for rating securitizations of nonperforming loans. Report.

On September 2, 2016, DBRS issued a report titled: Rating Companies in the Communications Industry. Report.

On September 2, 2016, DBRS issued a report titled: Rating Companies in the Merchandising Industry. Report.

On September 2, 2016, DBRS issued a report titled: Rating Companies in the Consumer Products Industry. Report.

On September 2, 2016, DBRS issued a report titled: Rating Companies in the Oil and Gas Industry. Report.

On September 2, 2016, DBRS issued a report titled: Rating Companies in the Oilfield Services Industry. Report.

On September 2, 2016, DBRS issued a report titled: Rating Companies in the Mining Industry. Report.

On September 2, 2016, DBRS issued a report titled: Rating Container Terminal Operators. Report.

On September 1, 2016, Fitch updated its criteria for servicing continuity risk and incorporated it into the broader counterparty criteria for structured finance and covered bonds. Press release.

Rating Agency Developments

On July 26, Fitch released its criteria for rating servicing continuity risk in structured finance transactions.  Fitch Report.

On July 25, Fitch released its criteria for rating state house financing agencies’ single-family mortgage programs.  Fitch Report.

On July 22, S&P released its criteria for rating CMBS credit-tenant lease transactions.  S&P Report.

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Rating Agency Developments

On March 17, Fitch published its global rating criteria for analyzing servicing continuity risk in structured finance transactions.  Fitch Release. 

On March 18, Fitch published a special report clarifying its treatment of rated closed-end fund (CEF) liabilities that carry ‘make-whole’ or other prepayment penalties.  Fitch Release.  Fitch Report

On March 17, S&P published supplemental criteria for assessing structured finance transactions that allow for changes in the priority of payments to subclasses within a specified series of notes following a non-monetary event of default.  S&P Release. 

Note: Free registration is required for S&P and Fitch releases and reports.