...Exposure Draft Responses: Fitch Ratings received three written submissions with comments on the proposed changes. All responses were from institutions operating in the covered bond market; one respondent requested confidentiality. The non-confidential comments can be found in the Appendix to this report. Fitch wishes to thank those market participants who provided feedback. Focus on Multi-Jurisdictional Approach: The responses focussed on the analytical approach applicable to multi-jurisdictional structured finance (SF) transactions and covered bonds (CVB), in particular as regards the treatment of eurozone exposures and related assumptions. This report addresses the uncertainties and queries expressed by respondents. Criteria Principles Confirmed: The measures proposed in the exposure draft have been adopted in Fitchs finalised criteria. The Criteria Report (Criteria for Sovereign Risk in Developed Markets for Structured Finance and Covered Bonds) will be published on the same day as this...
