OREANDA-NEWS. February 08, 2016. Fitch Ratings has updated its 'Criteria Addendum: Germany - Residential Mortgage Assumptions' to clarify certain aspects of its rating analysis. The assumptions are unchanged and the updates do not have an impact on existing ratings.

The addendum to the agency's EMEA RMBS Rating Criteria now outlines additional considerations Fitch takes into account when rating synthetic transactions, such as how to include accrued interest as a loss component, if necessary. Fitch has also made clarifications with regard to foreclosure frequency adjustments in case of prior charges, the maximum recovery uplift when modelling amortising loans and the minimum remaining term requirements of loans.

The report is available at www.fitchratings.com or by clicking the link above.