Rating Agency Developments - Week of May 7, 2012

Orrick, Herrington & Sutcliffe LLP
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On May 2, Fitch updated its criteria for rating local and regional governments above the sovereign. Fitch Report.

On May 2, Moody’s released its methodology for U.S. public housing authority capital fund bonds. Moody’s Report.

On May 2, Moody’s released its methodology for rating securities of U.S. closed-end funds. Moody’s Report.

On May 2, S&P released its methodology for analyzing mortgage collateral in Danish covered bonds. S&P Release.

On April 30, Fitch published a report on CMBS special servicing resolution strategies. Fitch Report.

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