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ARCHIVE | Criteria | Structured Finance | Legal: Standard & Poor's Implements Credit Enhancement Criteria and Revises Representation and Warranty Criteria for Including Anti-Predatory Lending Law Loans in U.S. Rated Structured Finance Transactions
Standard & Poors, May 2004
Abstract
(Editor's Note: This criteria article is no longer current. It has been superseded by the article titled, 'Standard & Poor's Criteria For Analyzing Loans Governed By Anti-Predatory Lending Laws,' published Nov. 5, 2008. This article supersedes 'Standard & Poor?s Will Admit Georgia Mortgage Loans Into Rated Structured Finance Transactions,' published March 11, 2003; 'Standard & Poor?s Clarifies Position on Proposed Amendments to Georgia Fair Lending Act,' published Feb. 7, 2003; 'Standard & Poor?s Comments on its Announcement Concerning Georgia Fair Lending Act,' published Jan. 24, 2003; and 'Standard & Poor?s to Disallow Georgia Fair Lending Act Loans,' published Jan. 16, 2003.) Effective today, Standard & Poor's Ratings Services will require additional credit support for certain loans governed by anti-predatory lending...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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