timeshare loan ABS

Rating Agency Developments

On June 21, 2016, Fitch issued a report titled: Rating Non-Financial Corporates Above the Country Ceiling. Press release.

On June 20, 2016, Fitch issued a report titled: Canadian RMBS Loan Loss Model Criteria. Press release.

On June 17, 2016, Fitch issued a report titled: U.S. RMBS Surveillance and Re-REMIC Criteria. Press release.

On June 16, 2016, Fitch issued a report titled: Criteria for Rating U.S. Timeshare Loan ABS. Press release.

On June 16, 2016, Fitch issued a report titled: Criteria for Rating Caps and Limitations in Global Structured Finance Transactions. Press release.

Rating Agency Developments

On June 13, S&P released its insurance criteria for U.S. and Canadian CMBS transactions.  S&P Report.

On June 13, Fitch released its criteria for assigning short-term ratings for variable-rate demand obligations (VRDOs) or maturing commercial paper (CP) notes based on internal liquidity.  Fitch Report

On June 12, Fitch released its criteria for rating caps and limitations in global structured finance transactions.  Fitch Report

On June 12, DBRS released its methodology for European structured finance transactions.  DBRS Report

On June 11, DBRS released its methodology for CDOs of large corporate credit.  DBRS Report

On June 11, DBRS released its methodology for Canadian structured finance surveillance.  DBRS Report

On June 10, Fitch released its criteria for rating U.S. timeshare loan ABSFitch Report

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Rating Agency Developments

On June 15, Fitch revised its country-specific treatment of recovery ratings. Fitch Report.

On June 13, Fitch updated its criteria for U.S. timeshare loan ABS. Fitch Report.

On June 12, Fitch updated its criteria for revenue-supported obligations in the public finance sector. Fitch Report.

On June 12, Fitch updated its criteria for rating foreign banking subsidiaries higher than the parent bank. Fitch Report.

On June 12, DBRS released its criteria for Canadian ABCP supported by full wrap liquidity. DBRS Report.

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Rating Agency Developments

On May 24, S&P updated its methodology for applying its RMBS small pool adjustment factor. S&P Report.

On May 23, Moody’s updated its methodology for ABCP. Moody’s Report.

On May 23, Fitch updated its criteria for multilateral development banks. Fitch Report.

On May 22, Fitch detailed its rating considerations for passive funds. Fitch Report.

On May 22, DBRS released its master U.S. ABS surveillance methodology. DBRS Report .

On May 22, DBRS released its unified interest rate model for U.S. timeshare loan ABS transactions.  DBRS Report.

On May 22, DBRS released its operational risk assessment for U.S. ABS servicers. DBRS Report.

On May 22, DBRS released its methodology for U.S. timeshare loan securitizations. DBRS Report.

On May 21, Fitch published criteria for state revolving funds (SRFs) and leveraged municipal loan pools (MLPs). Fitch Report.

On May 18, S&P updated its base-case default rate assumptions and benchmark pool for Japanese credit card and consumer loan securitizations. S&P Report.

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Rating Agency Developments

On June 30, Fitch updated its U.S. RMBS criteria for originator reviews, due diligence, and representations and warranties. Fitch Release.

On June 30, Fitch updated its criteria for rating U.S. timeshare loan ABS. Fitch Release.

On June 28, Fitch updated its criteria for global credit card ABS. Fitch Release.

On June 28, Moody’s published methodology for rating ABS backed by utility cost recovery charges. Moody’s Release.

On June 28, Moody’s released a report on its approach to analyzing performance disruption risk in securitizations. Moody’s Report.

On June 27, Moody’s issued a request for comment on changes to its ABCP operational risk guidelines. Comments are due by July 15. Moody’s Release.

On June 24, Fitch updated its future flow securitization rating criteria. Fitch Release.

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