Structured Credit

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 – Week of January 17, 2012

On January 11, Fitch updated its U.S. equipment lease and loan rating criteria. Fitch Release.

On January 11, Moody’s updated its approach for monitoring CPDO transactions. Moody’s Release.

On January 9, DBRS proposed methodology for CLOs and CDOs of large corporate credit and requested comments by January 27. DBRS Release.

On January 9, DBRS proposed cash flow assumptions for corporate CLOs and CDOs backed by other corporate debt and requested comments by January 27. DBRS Release.

On January 9, DBRS released its unified interest rate model for U.S. and European structured credit. DBRS Release.

On January 9, DBRS proposed methodology for surveillance Canadian CLOs and CDOs backed by debt of large corporations and requested comments by January 27. DBRS Release.

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