News & Analysis as of

Rating Agency Developments

On September 9, Moody’s released its methodology for rating consumer loan-backed ABS. On September 9, Fitch released its methodology for rating SHFA MBS Pass-Through bonds....more

Orrick's Financial Industry Week in Review

No Intervention for Class of Homeowners in Suit Against HSBC - On August 25, 2014, Judge Denise Cote of the U.S. District Court for the Southern District of New York denied a motion brought by a class of putative...more

Rating Agency Developments

On July 31, Moody’s released its rating methodology for global manufacturing companies. On July 25, Fitch released its global rating criteria for Corporate CDOs. On July 25, DBRS issued its methodology for rating companies in...more

Orrick's Financial Industry Week in Review

Bank of England Publishes Statement on Enforcement Action Against Lloyds Bank PLC and Bank of Scotland PLC - On July 28, the Bank of England published a statement on Financial Conduct Authority enforcement action...more

Rating Agency Developments

On June 13, Moody’s announced that its private student loan default rate index will continue to decline. On June 13, Fitch announced that it has taken various conforming rating actions on enhanced municipal bonds and...more

Orrick's Financial Industry Week in Review

Bank of England Launches New Framework to Test for Cyber Vulnerabilities - On June 10, the Bank of England launched a new framework to help identify areas where the financial sector could be vulnerable to sophisticated...more

Orrick's Financial Industry Week in Review

CFTC Announces New Approach for Considering Requests for Relief from Registration for Delegating Commodity Pool Operators - On May 12, CFTC Division of Swap Dealer and Intermediary Oversight announced a streamlined...more

Chilean Pension Funds Market Officially Open for Business for Irish UCITS.

Following Dechert’s series of reports in relation to the Chilean pension funds market and its accessibility to Irish UCITS, see Dechert OnPoint - Moody’s Upgrade Points to Reopening of the Chilean Pension Market to Irish...more

Bear Stearns Liquidators Brings Fraud Action Against Rating Agencies

On July 9, the joint official liquidators of Bear Stearns & Co. Inc. filed suit against three rating agencies – Standard & Poors, Moody’s and Fitch – in New York state court over the agencies’ allegedly fraudulent investment...more

Rating Agency Developments - June 26, 2013

On June 20, Moody’s released its methodology for assessing tail risk in Australian RMBS transactions. On June 19, Moody’s released its U.S. RMBS surveillance methodology. On June 19, KBRA released its financial guaranty...more

Orrick's Financial Industry Week in Review - June 24, 2013

In This Issue: OCC Issues Final Rule on Lending Limits; CFTC Temporary No-Action Relief for Transition to SEF Rule; FHFA Report to Congress; CFTC Temporary No-Action Relief for Small Bank Board Approval Requirements: CFTC...more

Rating Agency Developments - June 12, 2013

On June 7, Fitch released its criteria for Japanese CMBS surveillance. On June 6, Fitch released updated EMEA RMBS criteria, including (i) its master rating criteria for EMEA RMBS transactions; (ii) its criteria for...more

Orrick's Financial Industry Week In Review - May 28, 2013

In This Issue: CFPB's Escrows Final Rule; Rating Agency Developments; District Court Vacates Dismissal, Remands RMBS Suit Against J.P. Morgan to State Court; SunTrust Avoids FINRA Arbitration Concerning The Sale of RMBS;...more

Rating Agency Developments - Aprill 23, 2013

On April 18, Fitch released its guidelines for rating state credit enhancement programs. On April 17, Moody’s released its methodology for rating general obligation bonds issued by U.S. local governments. ...more

Rating Agencies - April 08, 2013

On April 4, Moody’s released its methodology for rating short-term cash flow notes. ...more

Rating Agency Developments - April 04, 2013

On March 29, Moody’s issued its methodology for U.S. municipal pool program debt. On March 28, Fitch updated its criteria for rating global small- and medium-sized enterprises CLOs. On March 26, Fitch updated its criteria for...more

Rating Agencies - March 26, 2013

On March 20, Moody’s released its methodology for U.S. State revolving fund debt. On March 18, Moody’s released implementation guidance for the temporary use of cash in structured finance transactions. On March 18, Moody’s...more

Rating Agency Developments - March 19, 2013

On March 12, S&P updated its methodology for second-lien RMBS surveillance and cash flow analysis for pre-2009 originations. On March 11, Moody’s released its approach to rating RMBS using the MILAN framework. On March 11,...more

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