Rating Agency Developments - January 11, 2013

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On January 4, S&P updated its outlook assumptions for the U.S. residential mortgage market. S&P Report.

On December 28, 2012, Fitch updated its equipment lease and loan rating criteria. Fitch Report.

On December 24, 2012, DBRS released methodology for rating income funds. DBRS Report.

On December 21, 2012, Moody’s updated its methodology for power generation projects. Moody’s Report.

On December 20, 2012, Fitch updated its U.S. utility tariff bond rating criteria. Fitch Report.

On December 19, 2012, Fitch updated its criteria for pooled multifamily housing bonds. Fitch Report.

On December 18, 2012, Fitch updated its U.S. public power rating criteria. Fitch Report.

On December 17, 2012, Fitch updated its criteria for investment managers and alternative funds. Fitch 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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