Rating Agency Developments - July 24, 2013

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On July 19, Moody’s issued its U.S. RMBS surveillance methodology. Moody’s Report.

On July 19, DBRS released its criteria for rating guarantees and other forms of explicit support. DBRS Report.

On July 19, KBRA released its financial guaranty rating methodology. KBRA Report.

On July 19, Fitch released its national scale criteria for rating money market fundsFitch Report.

On July 17, Fitch released its criteria for evaluating third-party partial credit guarantees. Fitch Report.

On July 16, Fitch released its criteria for rating U.S. RMBS. Fitch 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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