Rating Agencies - March 26, 2013

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On March 20, Moody’s released its methodology for U.S. State revolving fund debt. Moody’s Report.

On March 18, Moody’s released implementation guidance for the temporary use of cash in structured finance transactions. Moody’s Report.

On March 18, Moody’s released its approach to rating railcar leasing ABS. Moody’s Report.

On March 18, Fitch published criteria for assigning issue level ratings to debt and/or preferred securities issued by closed-end funds outside the U.S. Fitch Report.

On March 15, S&P released methodology for forecasting operating assumptions for the U.S. merchant power sector. S&P Report.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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