Rating Agency Developments - November 19, 2012

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On November 14, S&P requested comments on its proposal to revise its hybrid capital criteria for corporate issuers. Comments must be submitted by December 16. S&P Release.

On November 14, DBRS published its CMBS North American surveillance methodology. DBRS Report.

On November 14, DBRS published its European CMBS rating methodology. DBRS Report.

On November 13, Fitch published a report summarizing feedback received on its updated covered bonds rating criteria. Fitch Report.

On November 13, Fitch updated its corporate recovery ratings criteria. 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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