News & Analysis as of

Fitch

Cadwalader, Wickersham & Taft LLP

Regulatory and Transactional Implications of Recent Moody’s Bank Ratings Downgrades

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

BCLP

Deadline Nears for Comments on S&P Capital Sufficiency Methodology

BCLP on

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

White & Case LLP

Credit ratings rebound

White & Case LLP on

Reopening economies have transformed the credit landscape with ratings upgrades rising sharply through the year, after 2020 recorded the highest number of downgrades in more than two decades - Credit ratings agencies saw...more

Mintz

Rating Agencies Focus on ESG Concerns

Mintz on

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

Orrick - Finance 20/20

Rating Agency Developments - August 2020 #2

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

Orrick - Finance 20/20

Rating Agency Developments - July 2020 #1

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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

Orrick - Finance 20/20

Rating Agency Developments - June 2020 #3

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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

Orrick - Finance 20/20

Rating Agency Developments - June 2020 #2

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

Orrick - Finance 20/20

Rating Agency Developments - May 2020 #3

On May 22, KBRA published a report titled Coronavirus (COVID-19): RMBS Forbearance and Delinquency Trends. ...more

Orrick - Finance 20/20

Rating Agency Developments - May 2020 #2

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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

Orrick - Finance 20/20

Rating Agency Developments - May 2020 #1

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

Orrick - Finance 20/20

Rating Agency Developments - March 2020

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On March 18, KBRA published its Coronavirus (COVID-19): Consumer ABS Braces for Disruptions. Report. On March 13, KBRA published its General Global Rating for Asset-Backed Securities. Methodology....more

Orrick - Finance 20/20

Rating Agency Developments

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On June 5, Fitch published a methodology for U.S. RMBS Seasoned and Reperforming Loans. Methodology....more

Orrick - Finance 20/20

Rating Agency Developments

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On May 10, Fitch issued its framework to monitor and analyze outstanding U.S. RMBS and Synthetic Transactions Backed by Pools of Residential Mortgages. ...more

Orrick - Finance 20/20

Rating Agency Developments

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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

Orrick - Finance 20/20

Rating Agency Developments

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On May 1, DBRS released its methodology for Canadian Public Pension Funds and Related Exclusive Asset Managers. Methodology. ...more

Orrick - Finance 20/20

Rating Agency Developments

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On April 9, Fitch published a report entitled: “U.S. Credit Card ABS Performance Mixed.” Report....more

Orrick - Finance 20/20

Rating Agency Developments

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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

Orrick - Finance 20/20

Rating Agency Developments

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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

Orrick - Finance 20/20

Rating Agency Developments

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

Orrick - Finance 20/20

Rating Agency Developments

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On February 20, DBRS published a report entitled: Rating Pooled Aircraft Lease Securitizations. Report. On February 20, DBRS published a report entitled: Rating CLOs and CDOs of Large Corporate Credit. Report....more

Orrick - Finance 20/20

Rating Agency Developments

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On January 23, DBRS published its revised methodology for Operational Risk Assessment for European Structured Finance Servicers. Release....more

Orrick - Finance 20/20

Rating Agency Developments

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On January 8, Fitch issued a revised rating methodology for rating Non-Performing Loan Securitizations. Release...more

Orrick - Finance 20/20

Rating Agency Developments

On January 3, DBRS published a global rating methodology for Rating Life and P&C Insurance Companies and Insurance Organizations. Release. On January 2, DBRS published its Master U.S. ABS Surveillance Methodology. Release....more

Orrick - Finance 20/20

Rating Agency Developments

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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

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