DBRS Publishes Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda

DBRS has today published its finalised Master European Residential Mortgage-Backed Securities (RMBS) Rating Methodology and Jurisdictional Addenda. This criteria describes the DBRS rating methodology for European residential mortgage portfolios and forms part of the DBRS Ratings Limited (DBRS) criteria for rating European residential mortgage-backed securities (RMBS) and other transactions linked to residential mortgage assets including covered bonds. Please also refer to the appropriate jurisdictional RMBS methodologies at the end of this report for additional detail regarding DBRS asset analysis.

The final methodology does not have any substantive changes from the proposed Master European Residential Mortgage-Backed Securities Rating 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.