Fitch Updates Global Surveillance Criteria for Structured Finance CDOs

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has updated its structured finance collateralized debt obligation (SF CDO) rating criteria. The report replaces the existing report titled 'Global Rating Criteria for Structured Finance CDOs', dated July 13, 2015.

The criteria describes Fitch's approach to monitoring and analyzing outstanding SF CDO transactions and identify the key rating drivers that determine appropriate ratings actions. The rating analysis in this report is substantially the same as that in the previously published report, with the exception of the removal of asset-specific recovery estimates from Fitch's surveillance analysis of SF CDOs. The potential impact of this removal is limited to 24 structured finance transactions, and ranges from one to three notches. The updated approach will be applied during the respective surveillance reviews and expected to be completed by Jan. 1, 2017.

The criteria report 'Global Surveillance Criteria for Structured Finance CDOs', is available on the Fitch Ratings website at www.fitchratings.com or by clicking the link above.

Additional information is available on www.fitchratings.com

Global Surveillance Criteria for Structured Finance CDOs

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=883201

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160705006219/en/

Fitch Ratings
Felix Chen
Associate Director
+1-212-908-9154
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Alina Pak, CFA
Senior Director
+1-312-368-3184
or
Media Relations
Sandro Scenga
+1-212-908-0278
New York
[email protected]

Source: Fitch Ratings

You May Also Be Interested In

• INNSUITES HOSPITALITY TRUST ANNOUNCES NYSE AMERICAN NOTICE AND PLANNED COMPLIANCE INITIATIVES; REVERSE MERGER DISCUSSIONS CONTINUE
• EVE Energy Showcases All-Scenario Energy Storage Solutions at The Smarter E Europe 2026
• Li Auto Inc. June 2026 Delivery Update