Fitch Amends Criteria Addendum: France; No Rating Impact
OREANDA-NEWS. Fitch Ratings has amended its criteria for analysing securities backed by French residential loans to clarify and update certain aspects of its rating analysis. The amendments do not have any impact on existing ratings.
The addendum to the agency's EMEA RMBS Rating Criteria now outlines the factors Fitch uses to determine the market value decline (MVD) on a regional basis. Fitch has also amended the peak-to-trough assumption for France and clarified the regional peak-to-trough assumptions used to calculate the regional MVD. Fitch also updated the MVD taking into account the house price index as of 3Q15.
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