...This report outlines Fitch Ratings` updated criteria assumptions for analysing securities backed by Belgian residential mortgage loans; it replaces the previous report with the same title. The published criteria assumptions will be used for rating new and existing RMBS transactions, while the mortgage loss assumptions will also apply to covered bond programmes. In addition, the market value decline (MVD) assumptions will apply to SME CLOs secured by residential real estate. For a comprehensive understanding of Fitch`s approach to assigning new ratings to Belgian RMBS, this report should be viewed together with the reports entitled EMEA Residential Mortgage Loss Criteria, EMEA RMBS Master Rating Criteria and EMEA RMBS Cash Flow Analysis Criteria, all published 28 May 2014 (in conjunction with other relevant RMBS criteria and research listed under Related Criteria/Research)....
