OREANDA-NEWS. December 14, 2015. Fitch Ratings has updated its Criteria for the Analysis of Commercial Real Estate Loans Securing Covered Bonds. There are no rating actions following the update.

The report includes clarifications on the application of high prepayment scenarios, the alignment of servicing fees with Fitch's CMBS criteria, the application of the unsecured recovery cap in line with the Criteria for Rating Granular Corporate Balance-Sheet Securitisations (SME CLOs), and a revised calculation of syndication shares.

The report is available at www.fitchratings.com