On May 29, Morningstar announced it had entered into a definitive agreement to acquire DBRS, the world’s fourth largest credit ratings agency, for a purchase price of $669 million. The transaction is expected to close in the third quarter of 2019. Press Release.
On May 24, Moody’s published its revised methodology for rating Vacation Timeshare Loan Securitizations. Methodology.
On September 19, in connection with Rule 17g-7, Fitch published a report describing the representations, warranties and enforcement mechanisms that it typically sees in structured finance transactions. Fitch Release. Fitch Report.
On September 22, Fitch updated its master criteria report covering the global insurance industry. Fitch Release.
On September 19, Moody’s published its approach to rating vacation timeshare loan securitizations. Moody’s Release.
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