OREANDA-NEWS. Fitch Ratings has updated its criteria for analysing securities backed by Swiss residential mortgage loans.

The assumptions are used for rating new and existing RMBS transactions as well as mortgage covered bond programmes.

The criteria addendum replaces the report of the same name dated 20 August 2015.
The only changes in the criteria relate to the updated property price indexation and adjustments to the Lake Geneva peak-to-trough house price decline assumptions. The updates do not have any impact on existing ratings.