Rating Agency Developments

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On February 15, 2017, DBRS issued a report entitled North American Single-Asset/Single-Borrower Methodology. Report.

On February 15, 2017, DBRS issued a report entitled DBRS Commercial Real Estate Property Analysis Criteria. Report.

On February 15, 2017, DBRS issued a report entitled Rating Entities in the Real Estate Industry. Report.

On February 15, 2017, DBRS issued a report entitled DBRS Criteria: Rating Bank Capital Securities – Subordinated, Hybrid, Preferred & Contingent Capital Securities. Report.

On February 15, 2017, Fitch issued a report entitled Fitch Updates Rating Non-Financial Corporates Above the Country Ceiling Criteria. Release.

On February 13, 2017, DBRS issued a report entitled DBRS Criteria: Guarantees and Other Forms of Support. Report.

On February 13, 2017, Fitch issued a report entitled Fitch Updates Criteria for U.S. State Housing Finance Agency GO Ratings. Release.

On February 9, 2017, Fitch issued a report entitled Fitch Updates Criteria for Rating Global Asset Backed Commercial Paper. Release.

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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