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Fitch Ratings Updates Oil-Vessel Backed Financing Rating Criteria; No Rating Impact

Fitch Ratings has published an updated criteria report for rating oil-vessel-backed financing transactions, replacing the prior version published Dec. 14, 2023. The report outlines Fitch’s criteria for rating transactions backed by long-term charter and services agreements related to offshore vessels used in the production stage. The asset types currently include floating-production storage and offloading units …