Rating Agency Developments - November 12, 2012

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On November 8, Fitch updated its criteria for ABCP. Fitch Report.

On November 7, Moody’s updated its approach for incorporating GIC provider ratings in U.S. state revolving fund and pool programs. Moody’s Report.

On November 7, Moody’s updated its approach to incorporating GIC and swap provider ratings in HFA programs. Moody’s Report.

On November 7, S&P released its European CMBS methodology and assumptions. S&P Report.

On November 5, DBRS released its preferred share and hybrid criteria for corporate issuers (excluding financial institutions). DBRS 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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