DBRS Publishes Master European Structured Finance Surveillance Methodology

DBRS has today published its finalised European structured finance surveillance methodology. The criteria includes a description of the DBRS surveillance process including the rating committee process, the types of rating actions taken by rating committees, our disclosure policies and procedures, as well as the sector specific methodologies employed by DBRS in the ongoing monitoring of the following asset types:

•Residential Mortgages
•Covered Bonds
•Unsecured and Secured Consumer Loans
•Consumer and Commercial Leases
•Auto Wholesale Loans
•Credit Cards
•Small and Medium Enterprise Loans

The final methodology does not have any substantive changes from the proposed master European structured finance surveillance methodology which was published with a request for comments.

As a result, DBRS is not taking rating actions on any outstanding European securitisations.

DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.