MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has updated its rating criteria report for Mexican residential mortgage backed securities (RMBS). The report replaces the version published on July 30, 2015. The update has no impact on any existing ratings.
The updated criteria report now includes the base case default and recovery rates assumptions for INFONAVIT and FOVISSSTE transactions; specific ranges of default stress multiples by rating category for these RMBS and assumptions on prepayment rates. The report also provides more detailed Market Value Decline levels by rating category for RMBS sponsored by banks and non-bank financial institutions. All other assumptions remain unchanged.
The updated criteria report is available at www.fitchratings.com.
Additional information is available at www.fitchratings.com.
RMBS Latin America Criteria Addendum -- Mexico