Fitch Updates EMEA RMBS Rating Criteria
OREANDA-NEWS. Fitch Ratings has amended its EMEA RMBS Rating Criteria. The update has no impact on existing ratings.
The report replaces the version published on 1 April 2016. The amended report confirms the use of increasing interest rates in the calculation of the net present value of recoveries as part of the cost-of-carry element captured in the surveillance model, and removes reference to the possibility of using alternative interest rate stresses. All other content is as of the original publication date.