Orrick Rating Agency Developments May 15th, 2012

Orrick, Herrington & Sutcliffe LLP
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On May 10, Fitch updated its guidelines for rating tender option bonds. Fitch Report.

On May 10, Fitch updated its surveillance criteria for franchise loan ABS. Fitch Report.

On May 8, DBRS released its methodology for rating Canadian public pension funds and related exclusive asset managers. DBRS Report.

On May 7, DBRS released its methodology for the European Financial Stability Facility. DBRS Report.

On May 4, S&P published a report on structural and credit considerations for REO-to-rent securitizations. S&P Report.

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