Rating Agency Developments - Aprill 23, 2013

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On April 18, Fitch released its guidelines for rating state credit enhancement programs. Fitch Report.

On April 17, Moody’s released its methodology for rating general obligation bonds issued by U.S. local governments. Moody’s Report.

On April 15, DBRS released its methodology for rating Canadian covered bonds. 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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