DBRS Enhances Rating Transparency with Appendices Summarizing Its Structured Finance Methodologies

As part of its ongoing efforts to provide greater transparency in the marketplace, DBRS has today released 11 structured finance methodologies that incorporate a new appendix with detailed tables summarizing the key points of the rating process. The purpose of the summaries is to provide market participants with an easy-to-follow overview of the issues considered for a particular asset class or criteria that form the rationale behind DBRS’s rating opinions.

For the 11 structured finance methodologies released today, there were no changes to the issues considered as part of the existing methodology. Going forward, all structured finance methodologies and criteria will contain a similar type of summary, offering a user-friendly overview of the methodology. These are in addition to six previously released methodologies, bringing the total of structured finance summaries available to 17.

Below is a list of the DBRS structured finance methodologies released today that feature the summary appendix:

– Canadian RMBS Methodology
– Canadian Structured Credit Surveillance
– DBRS Criteria for Canadian Credit Card Securitization
– Rating Canadian ABCP
– Rating Canadian Auto Lease Transactions
– Rating Canadian Auto Loan Securitization
– Rating Canadian Equipment Finance Securitization
– Rating Canadian Home Equity Lines of Credit (HELOCs)
– Rating Canadian Structured Credit Transactions
– Rating Canadian Trade Receivables Securitization Transactions
– Rating Reverse Mortgage Transactions in Canada

The DBRS structured finance methodologies and criteria previously released with summary appendices are the following:

– Canadian Residential Mortgage Servicer Evaluations
– Canadian Structured Finance Flow-Through Ratings
– Legal Criteria for Canadian Structured Finance
– Rating Canadian Covered Bonds
– Rating Canadian Split Share Companies and Trusts
– Swap Criteria for Canadian Structured Finance Transactions

The methodologies providing DBRS's processes and criteria are available by contacting us at info@dbrs.com.