Rating Agency Developments - July 17, 2013


On July 12, S&P released a request for comment on its methodology and assumptions for rating U.S. small business loan-backed securitizations. Comments must be submitted by August 15. S&P Report.

On July 10, Fitch released its criteria for rating U.S. tobacco settlement ABS. Fitch Report.

On July 10, Fitch released its criteria for rating trust-preferred CDOs. Fitch Report.

On July 9, Fitch released its EMEA consumer ABS rating criteria, along with the related auto residual value addendum. Fitch Report (Consumer ABS). Fitch Report (Auto Residual Value Addendum).

On July 3, Fitch released its distressed debt exchange criteria for structured finance. 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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