Rating Agency Developments - October 09, 2012

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On October 3, Moody’s released its methodology for government owned toll roads. Moody’s Report.

On October 3, Fitch updated its global criteria for rating structured finance CDOs. Fitch Release. Fitch Report.

On October 3, Moody’s released its approach to credit ratings assigned to revenue bonds of U.S. municipal Joint Action Agencies (JAAs). Moody’s Report.

On October 1, S&P released its criteria for assigning CCC+, CCC, CCC- and CC ratings. S&P 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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