...This criteria report outlines the framework that Fitch Ratings uses to monitor and analyze outstanding structured finance collateralized debt obligations (SF CDOs) backed by portfolios of ABS, RMBS, CMBS, and CDO bonds. The methodology described in this report outlines the qualitative and quantitative factors considered in Fitch's review analysis of SF CDOs. This criteria report supersedes and replaces the report titled "Global Criteria for Structured Finance CDOs", published in July 2014, and it is further supplemented by related Fitch criteria listed to the left. The rating analysis in this report is substantially the same as that in the previously published report, with the exception of an application of a rating cap to transactions with collateral concentrated in a single country, single sector, and single vintage group. In absence of mitigating factors, Fitch will limit the ratings to a maximum of `BBBsf' in such transactions....
