NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: U.S. RMBS Surveillance and Re-REMIC Criteria
Fitch Ratings has published its annual update to the criteria to monitor and analyze outstanding U.S. RMBS for potential rating changes and Re-REMICs. The report discusses Fitch's asset loss analysis, cash flow analysis, and counterparty analysis.
Key revisions to the criteria include a loss severity adjustment for newly-issued re-REMIC transactions, a description of the surveillance process for GSE risk-sharing transactions, and greater transparency regarding several specific methodologies used in the surveillance process to determine credit ratings. Fitch does not expect any material rating implications as a result of the updated criteria.
The criteria report 'U.S. RMBS Surveillance and Re-REMIC Criteria' is available on the Fitch Ratings web site at 'www.fitchratings.com' or by clicking on the above link.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria & Related Research:
--U.S. RMBS Rating Criteria (July 2014);
--U.S. RMBS Loan Loss Model Criteria (November 2014);
--Global Structured Finance Rating Criteria (March 2015);
--Criteria for Interest Rate Stresses in Structured Finance Transactions and Covered Bonds (December 2014);
--U.S. RMBS Cash Flow Analysis Criteria (April 2015);
--Counterparty Criteria for Structured Finance and Covered Bonds (May 2014);
--Criteria for Servicing Continuity Risk in Structured Finance (July 2014);
--Criteria for Rating Caps and Limitations in Global Structured Finance Transactions (May 2014);
--Global Rating Criteria for Structured Finance CDOs (July 2014);
--US RMBS Re-Performing Loan Criteria (November 2014).