Rating Agencies

News & Analysis as of

Orrick's Financial Industry Week in Review - April 14, 2014

Agencies Apply Increased Leverage Ratio to Large U.S. Banks - On April 8, the Fed, FDIC and OCC adopted the final rule to increase the leverage ratio for the largest U.S. banks. The final rule applies to U.S. bank...more

Rating Agency Developments - April 09, 2014

On March 25, Moody’s released its approach to rating RMBS using the MILAN framework. On March 25, Moody’s released its approach to assessing incremental risk posed by ability to repay rules in US RMBS....more

Orrick's Financial Industry Week in Review

ESMA Reports on Information that Competent Authorities Should Provide to it Under the AIFMD - The European Securities and Markets Authority (ESMA), has published a final report of technical advice for the European...more

Assured Guaranty and National Public Finance Guarantee Ratings Upgraded by S&P

On March 18, 2014, Standard & Poor's Ratings Services announced ratings upgrades for two bond insurers – Assured Guaranty Municipal Corp. (f/k/a Financial Security Assurance Inc.) to “AA” from “AA-” and MBIA Inc.’s National...more

Orrick's Financial Industry Week in Review - March 31, 2014

Fed Issues a Report on Mobile Financial Services - On March 25, the Fed issued a report on the use of mobile phones to obtain financial services. Last year, 33 percent of all mobile phone users and 51 percent of...more

Rating Agency Developments - March 27, 2014

On March 19, S&P released its methodology for rating CDOs of project finance debt. On March 17, Fitch released its criteria for analyzing RMBS under the Ability-to-Repay and Qualified Mortgage rules....more

Orrick's Financial Industry Week in Review - March 17, 2014

On March 12, the Honorable Katharine B. Forrest of the United States District Court for the Southern District of New York ordered Fabrice Tourre, a former Goldman Sachs trader convicted of violation of federal securities...more

Rating Agency Developments - March 14, 2014

On March 6, Moody’s released its updated methodology for rating CDOs backed by structured finance assets. On March 5, Fitch released its criteria for granular corporate balance-sheet securitizations (SME CLOs). On March 3,...more

Orrick's Financial Industry Week in Review for March 10, 2014

Final Guidance for Medium-Sized Firms on Dodd-Frank Stress Tests - On March 5, the Fed, the FDIC, and the OCC issued final guidance which describes supervisory expectations for stress tests to be conducted by financial...more

Rating Agency Developments - March 05, 2014

On February 27, Moody’s released its global approach to rating collateralized loan obligations. On February 26, Moody’s released its approach to rating auto lease securitizations exposed to residual value risk. On February...more

Orrick's Financial Industry Week in Review - March 3, 2014

UCITS 5 Political Agreement Reached - On February 25, the European Parliament published a press release announcing that political agreement has been reached with the Council of the EU on the proposed UCITS V Directive....more

Rating Agency Developments - Febuary 28, 2014

On February 20, Moody’s released its approach to rating tobacco settlement revenue securitizations. On February 19, Fitch released its criteria for rating single- and multi-name credit-linked notes (CLNs)....more

ESMA Publishes CRA III Regulation Implementation Consultation Paper

On February 11, ESMA published a consultation paper on the implementation of the CRA III Regulation containing draft regulatory technical standards (RTS) on the following: - The content and format of fees charged by...more

Rating Agency Developments - Febuary 26, 2014

On February 14, Fitch released its criteria for rating U.S. commercial mortgage servicers. On February 13, Fitch released its criteria for rating RMBS in Latin America. On February 11, Moody’s released its criteria for rating...more

Latin America & the Caribbean Practice Update

Puerto Rico Recent Developments - The three major credit rating agencies, Standard & Poor's, Moody's, and Fitch Ratings, downgraded the Commonwealth of Puerto Rico's debt to "junk" status during the first two weeks of...more

Rating Agency Developments - Febuary 14, 2014

On February 5, DBRS released its methodology for analyzing commercial paper liquidity support for non-bank issuers....more

Orrick's Financial Industry Week in Review - February 10, 2014

No-Action Letter Provides Relief to M&A Brokers - On January 31, in a significant no-action letter (Letter), the Staff of the Division of Trading and Markets provided assurances that it would not recommend enforcement...more

Rating Agency Developments - Febuary 04, 2014

On January 30, Fitch released its criteria for rating structured finance servicers of various products, including RMBS, CMBS and ABS. On January 30, Fitch released its criteria for rating operational risk of U.S. servicers of...more

Orrick's Financial Industry Week in Review - February 3, 2014

Protocol on the Operation of the ESMA MiFID Database - On January 29, the European Securities and Markets Authority (ESMA) updated its protocol on the operation of its MiFID database (ESMA/2013/68b). The...more

Orrick's Financial Industry Week in Review - January 27, 2014

Lehman Court Finds Safe Harbors Protect Damage Calculation Provisions in Swap - Judge James M. Peck issued a significant opinion in the Lehman Brothers bankruptcy late last month, which preserved important safe...more

Rating Agency Developments - January 28, 2014

On January 23, Fitch released its criteria for analyzing interest rate stresses in structured finance transactions and covered bonds. On January 22, DBRS released its methodology for rating wind power projects. On January 22,...more

Moody’s Revises Rating Criteria for Local Governments

On January 15 of this year, Moody’s announced a revised methodology for its evaluation of local government general obligation credits. Moody’s overall methodology is to evaluate each locality seeking/maintaining a rating over...more

Annual Investment Update: Economic Review & Outlook - December 31, 2013

Welcome 2014! We want to thank you for continuing to support the investment strategies we have in place to protect your wealth. The total return in the S&P Index in 2013 of 32.4% now has the index up an astounding 173% since...more

Rating Agency Developments - January 22, 2014

On January 15, DBRS released its methodology for rating asset management companies. On January 13, Fitch released its criteria for rating dealer floorplan ABS....more

Cayman Islands retain Moody's Triple A rating

The Cayman Islands Ministry of Public Finance has reported that the jurisdiction has retained its very high “Aa3” rating from Moody’s, one of the world’s foremost financial rating agencies. Cayman has held this status...more

106 Results
|
View per page
Page: of 5