Earlier this week, Moody’s Investor Services downgraded the credit ratings of 10 regional banks and put 17 other banks under review or gave their rating a negative outlook. Notwithstanding the downgrades, most of the...more
The April 29th deadline is rapidly approaching for insurers, reinsurers and other interested insurance industry participants to submit comments on S&P Global Ratings’ proposal for changing its methodology analyzing...more
Last week, Fitch Ratings announced the launch of new ESG ratings system, which is intended to use a "clear methodolog[y]," of a "full assessment of ESG performance" that "allow[s] for detailed comparability." This...more
On August 19, Moody’s published its research report titled Housing – US: Urban Markets Will Recover After Pandemic as Americans’ Housing Decisions Evolve. Report....more
On July 15, Fitch published an article titled Originator-Specific Residential Mortgage Analysis Rating. Criteria. On July 14, Fitch published an article titled U.S. Public Finance Prepaid Energy Transaction Rating. Criteria....more
On June 30, Fitch published its criteria for Covered Bonds Rating. Criteria. On June 30, DBRS Morningstar published its updated methodology for U.S. ABS General Ratings. Methodology....more
On June 15, KBRA published a Structured Finance CMBS pre-sale report titled Bank 2020-BNK27. Report. On June 10, DBRS Morningstar published its U.S. ABS General Ratings. Methodology....more
On May 22, KBRA published a report titled Coronavirus (COVID-19): RMBS Forbearance and Delinquency Trends. ...more
On May 6, Fitch published its updated Future Flow Securitization Rating. Criteria. On May 4, DBRS Morningstar published its updated Assessing U.S. RMBS Pools Under the Ability-to-Repay Rules. Methodology....more
On April 27, KBRA published a report titled Public Finance: Coronavirus (COVID-19): Municipal Issuers’ Virus-Related Voluntary Disclosures Trend Up. Report. On April 21, Moody’s published its revised approach to rating U.S....more
On June 5, Fitch published a methodology for U.S. RMBS Seasoned and Reperforming Loans. Methodology....more
On May 8, DBRS published its rating methodology for Public Universities. Methodology. On May 7, Moody’s published its rating methodology for certain Nonprofit Organizations. Release....more
On March 11, Moody’s issued a revised rating methodology for Transactions Backed by Trade Receivable Obligations. Methodology. On March 8, Fitch issued criteria relating to Counterparty Risk Assessment in Relation to the...more
On March 6, Moody’s published a rating methodology for Publicly Managed Airports and Related Issuers. Methodology. On March 5, Fitch published its updated rating criteria for Aircraft Operating Lease ABS. Criteria....more
On February 22, Fitch released the following report: What Investors Want to Know: ESG Relevance Scores (Marking the Intersection of Credit Risk and ESG Risks). Report....more
On November 20, DBRS issued a report outlining its methodology for rating European Structured Finance Transactions. On November 19, Fitch issued rating criteria for Dealer Floorplan ABS....more
On October 10, DBRS published a rating methodology regarding Derivative Criteria for European Structured Finance Transactions. Release....more
U.S. Financial Industry Developments - Community Reinvestment Act: Revisions to Impact of Evidence of Discriminatory or Other Illegal Credit Practices on Community Reinvestment Act Ratings... ...more
On August 13, 2018, Fitch issued a report entitled: Covered Bonds Rating Criteria. Report. On August 10, 2018, Fitch issued a report entitled: U.S. Federal Family Education Loan Program Student Loan ABS Rating Criteria....more
U.S. Financial Industry Developments - CFTC Proposes Rules to Simplify Process for Foreign Clearing Organizations to Obtain DCO Registration Exemption - On August 8, 2018, the Commodity Futures Trading Commission (CFTC)...more
U.S. Financial Industry Developments - CFTC and SEC Announce Approval of New MOU - On June 28, 2018, the Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") announced that...more
On June 28, 2018, Fitch issued a report entitled: Fitch Updates Rating Criteria for U.S. Mortgage Insurance or Guarantee Fund Programs. Release. On June 22, Moody’s updated its rating methodology for Insurance Brokers and...more
U.S. Financial Industry Developments - ISDA, AFME, ICMA, SIFMA and SIFMA AMG Publish Global Benchmark Report - The International Swaps and Derivatives Association (ISDA), the Association of Financial Markets in Europe...more
On June 19, 2018, Fitch published its rating criteria for U.S. Federal Family Education Loan Program Student Loan ABS. On June 19, 2018, Fitch published its rating criteria for EMEA CMBS....more
U.S. Financial Industry Developments - Credit Agreements Will Require Important Updates If a Proposed New Delaware Law Is Passed - The Delaware legislature is currently contemplating an amendment to the Delaware Limited...more