More 2021 Polar Vortex Fallout: Securitization Bills, Not Satisfying Rating Methodologies Requirements, Unlikely to Get Highest Possible Ratings

In the aftermath of Winter Storm Uri and the market turmoil that ensued, legislation that contemplates using securitization to potentially fund related economic damages and other dislocation has been proposed in both Texas and Oklahoma; however, in many cases, the proposed legislation does not contemplate critical requirements under the applicable rating agency methodologies. The Legal Update at the link below summarizes the bills and what they lack.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/04/more-2021-polar-vortex-fallout-securitization-bills-not-satisfying-rating-methodologies-requirements-unlikely-to-get-highest-possible-ratings?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}