Rating Agency Developments - March 05, 2013

Orrick - Finance 20/20
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On February 27, Fitch published updated criteria on U.S. municipal structured finance. Fitch Report.

On February 26, Fitch published criteria on U.S. mortgage REITs and similar finance companies. Fitch Report.

On February 26, Fitch published criteria on U.S. equity REITs and REOCs. Fitch Report.

On February 26, S&P published criteria for deriving the common quantitative metrics for rating banks globally. S&P Methodology.

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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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