utility cost recovery charges

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.

Note: Free registration is required for Fitch and Moody’s releases and reports.

Rating Agency Developments

On March 2, Moody’s released its global structured finance operational risk guidelines. Moody’s Methodology.

On March 2, Moody’s released its methodology for rating securities backed by utility cost recovery charges, which are established by special legislation and financing orders issued by utility regulatory bodies. Moody’s Methodology.

On March 1, Fitch updated its criteria report outlining its methodology for analyzing ratings for transaction-specific support facilities provided to ABCP conduits. Fitch Release.

On February 28, Fitch released updated criteria report for analyzing U.S. Public Finance variable-rate demand obligations issued with external liquidity support. Fitch Release.

Note: Free registration is required for Fitch and Moody’s releases and reports.