Rating Agency Developments - August 20, 2013

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On August 15, Fitch released its rating criteria hierarchy. Fitch Report.

On August 14, Fitch released its criteria for rating market value structures. Fitch Report.

On August 14, Fitch released its criteria for rating closed-end fund debt and preferred stock. Fitch Report.

On August 13, Fitch released its global bond fund rating criteria. Fitch Report.

On August 12, DBRS updated its methodology for rating Canadian structured finance transactions. 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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