OREANDA-NEWS. Fitch Ratings has published a revised criteria report for collateralised debt obligations backed by syndicated corporate loans and middle market loans. The report replaces the existing "Global Rating Criteria for CLOs and Corporate CDOs", dated 28 July 2016.

The amended report corrects the country groupings that influence recovery rates. The country groupings are based on the corporate country classification as published in the criteria "Country-Specific Treatment of Recovery Ratings", dated 28 April 2016. In the April publication the country grouping for several countries was changed. The impact on corporate CLOs and middle market CLOs is immaterial due to limited exposure to the countries for which the grouping has changed.