Rating Agency Developments

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On November 6, Fitch released its updated criteria for rating securitizations in emerging marketsReport.

On November 5, DBRS released its methodology for rating companies in the automotive manufacturing industry. Report.

On November 5, DBRS released its methodology for rating companies in the automotive supplier industry. Report.

On November 5, S&P published an advance notice of proposed change to its bank rating methodology to potentially expand recognition of a bank’s “additional loss-absorbing capacity” in certain situations. Article.

On November 3, Fitch released an updated version of its global structured finance and covered bonds rating criteria hierarchy. Report.

On November 3, Moody’s released its methodology for rating unregulated utilities and unregulated power companies. Report.

Note: Free registration is required for rating agency releases and reports.

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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