U.S. FFELP student loan ABS

Rating Agency Developments


On April 9, Fitch published a report entitled: “U.S. Credit Card ABS Performance Mixed.” Report.

On April 8, Fitch published a report entitled: “U.S. CMBS Delinquency Rate Posts Increase in March.” Report.

On April 4, S&P published criteria and guidance reports entitled: “Structured Finance – ABS: U.S. FFELP Student Loan ABS: Methodology and Assumptions.” Criteria. Report.

Rating Agency Developments

On June 29, Fitch announced that it will begin reviewing ratings on U.S. FFELP student loan ABS based on its updated surveillance criteria which incorporates a more refined approach to basis risk. Release.

On July 2, Fitch released a report detailing its rating criteria for asset managers on a national scale.  Fitch’s National Asset Manager Rating scale provides investors with a relative measure of an asset management organization’s vulnerability to operational and investment management failures relative to other managers in the same country. Release

On June 25 and 30, Moody’s released comprehensive reports outlining its current approach to rating CMBS and RMBS transactions in JapanCMBS Release. RMBS Release

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