Rating Agency Developments - Febuary 28, 2014

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On February 20, Moody’s released its approach to rating tobacco settlement revenue securitizations. Moody’s Report.

On February 19, Fitch released its criteria for rating single- and multi-name credit-linked notes (CLNs). Fitch 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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