News & Analysis as of

Moody's Rating Agencies DBRS

Orrick - Finance 20/20

Rating Agency Developments - August 2020 #1

Orrick - Finance 20/20 on

On July 29, Moody’s published an updated ratings methodology titled US Local Government General Obligation Debt. Methodology....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 - June 2020 #1

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On June 3, KBRA published a Structured Finance research report titled CMBS: Coronavirus (COVID-19): CMBS Loan Performance Trend Update. Report. On June 3, KBRA published a report titled Public Finance: Coronavirus (COVID-19):...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 - April 2020 #2

Orrick - Finance 20/20 on

On April 3, Moody’s published its Operating Company Securitizations. Methodology. On April 3, KBRA published a report titled CMBS: Coronavirus (COVID-19): Multifamily Update – Bracing for Forbearance. Report....more

Orrick - Finance 20/20

Rating Agency Developments

On May 29, Morningstar announced it had entered into a definitive agreement to acquire DBRS, the world’s fourth largest credit ratings agency, for a purchase price of $669 million. ...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

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

On January 30, DBRS published a report entitled: Master European Structured Finance Surveillance Methodology. On January 30, S&P published a report entitled: Incorporating Sovereign Risk in Rating Structured Finance...more

Orrick - Finance 20/20

Rating Agency Developments

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On December 10, Moody’s issued a revised rating methodology for Finance Companies. ...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

Orrick - Finance 20/20

Rating Agency Developments

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On October 10, DBRS published a rating methodology regarding Derivative Criteria for European Structured Finance Transactions. Release....more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

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

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

CFTC Staff Issues Interpretive Guidance Regarding Exemption from Aggregation - On May 2, 2018, the Commodity Futures Trading Commission's ("CFTC") Division of Market Oversight issued a CFTC staff letter with interpretive...more

Orrick - Finance 20/20

Rating Agency Developments

On May 2, 2018, Fitch published a report entitled: Germany Residential Mortgage Rating Criteria Addendum. On May 2, 2018, Fitch published a report entitled: Switzerland Residential Mortgage Rating Criteria Addendum. ...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

ESMA Asks European Commission to Clarify Scope of Exemptions from EMIR Financial Obligations - On April 27, 2018, the European Securities and Markets Authority ("ESMA") published a letter from Steven Maijoor, ESMA Chair,...more

Orrick - Finance 20/20

Rating Agency Developments

On April 25, 2018 Moody’s published a rating methodology for Generic Project Finance. Release. On April 24, 2018 S&P published a table of contents for S&P’s Global Ratings Structured Finance Criteria. Release....more

Orrick - Finance 20/20

Rating Agency Developments

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On April 12, 2018, DBRS published a report entitled: European RMBS Insight Methodology. On April 12, 2018, Moody’s published its methodology for rating US States and Territories....more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

ECB Publishes Opinion on Proposed Regulation Amending EBA Regulation - The European Central Bank ("ECB") published an opinion (CON/2018/19) (dated April 11, 2018) on a proposed Regulation amending (among other things) the...more

Dechert LLP

Morningstar Requests Comments on Proposed Rating Methodology for SASB Deals

Dechert LLP on

Morningstar has published a proposed method for rating single-asset/single-borrower (SASB) transactions. The new approach is slated to replace the “U.S. CMBS Subordination Model” with respect to SASBs and other forms of CMBS...more

Orrick - Finance 20/20

Rating Agency Developments

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On April 6, DBRS published its methodology for rating U.S. Film Rights Securitizations. Release. On April 6, Moody’s updated its methodology for rating Environmental Services and Waste Management Companies. Release....more

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