Rating Agency Developments

Orrick - Finance 20/20
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On September 23, DBRS published a request for comments for rating European Covered Bonds. The report described the DBRS criteria for rating all types of European covered bonds, whether issued under country-specific covered bonds legislation or outside. Report.

On September 22, Fitch took various ratings action on tender option bonds corresponding to actions taken on their associated enhancement providers or underlying bonds. Release.

Note: Free registration is required for rating agency releases and reports.

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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