Rating Agency Developments - July 06, 2012

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On August 3, Fitch updated its Asia-Pacific RMBS criteria. Fitch Report.

On August 3, Fitch updated its Australian RMBS criteria. Fitch Report.

On August 3, DBRS updated its Canadian provincial government criteria. DBRS Report.

On August 3, DBRS updated its Canadian municipal government criteria. DBRS Report.

On August 2, Fitch updated its criteria for toll roads, bridges, and tunnels. Fitch Report.

On August 2, Fitch updated its criteria for rating caps in global structured finance transactions. Fitch Report.

On August 2, Fitch updated its Asia-Pacific consumer ABS criteria. Fitch Report.

On July 30, Fitch updated its Italian residential mortgage criteria assumptions. Fitch Report.

On July 30, Moody’s released its methodology for covered bonds. Moody’s Report.

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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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