Fitch Publishes Updated Rating Criteria for RMBS in Latin America

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings today published an updated residential mortgage backed security cross-sector criteria report titled 'Latin America RMBS Rating Criteria'. This report updates and replaces the prior criteria report titled 'Rating Criteria for RMBS in Latin America', dated Jan. 22, 2015. There have been no material changes in approach from the previous version; therefore, Fitch expects no impact on existing ratings.

The report presents Fitch's analytical approach to rating RMBS in Latin America and outlines the unique features of these transactions. Additionally, the report details key rating drivers associated with Latin American RMBS.

The criteria provide an overarching framework for the analysis of Latin American residential mortgages. Many detailed criteria assumptions remain country-specific. In order to capture the unique characteristics of each local economy, credit, and housing markets, individual country-specific assumptions are available in addendums published on Fitch's website, www.fitchratings.com, which are to be read in conjunction with this criteria report.

Additional information is available at 'www.fitchratings.com'.

Latin America RMBS Rating Criteria

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=874906

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151217006435/en/

Fitch Ratings
Juan Pablo Gil
Senior Director
+1-312-606-2301
Fitch Ratings, Inc.
70 W. Madison St.
Chicago, IL 60602
or
Greg Kabance
Managing Director
+1-312-368-2052
or
Media Relations:
Alyssa Castelli, New York, +1 212-908-0540
Email: [email protected]

Source: Fitch Ratings

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