CHICAGO--(BUSINESS WIRE)--Fitch Ratings today published an updated residential mortgage backed security cross-sector criteria report titled 'Latin America RMBS Rating Criteria'. This report updates and replaces the prior criteria report titled 'Rating Criteria for RMBS in Latin America', dated Jan. 22, 2015. There have been no material changes in approach from the previous version; therefore, Fitch expects no impact on existing ratings.
The report presents Fitch's analytical approach to rating RMBS in Latin America and outlines the unique features of these transactions. Additionally, the report details key rating drivers associated with Latin American RMBS.
The criteria provide an overarching framework for the analysis of Latin American residential mortgages. Many detailed criteria assumptions remain country-specific. In order to capture the unique characteristics of each local economy, credit, and housing markets, individual country-specific assumptions are available in addendums published on Fitch's website, www.fitchratings.com, which are to be read in conjunction with this criteria report.
Additional information is available at 'www.fitchratings.com'.
Latin America RMBS Rating Criteria