Rating Agency Developments - August 06, 2013


On August 2, Fitch released its criteria for the rating of distressed debt exchanges. Fitch Release.

On August 1, Fitch released its criteria for the use of lenders’ mortgage insurance (LMI) in RMBS transactions. Fitch Release.

On August 1, Fitch released its criteria for rating RMBS and covered bonds supported by residential mortgages in the Asia-Pacific (APAC) region. Fitch Release.

On July 29, S&P released a request for comment on proposed changes to its criteria for rating global non-diversified auto dealer floorplan ABS.  Comments must be submitted by September 27. S&P Release.

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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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