Press Release

DBRS Publishes Methodology: Rating Portuguese Electricity Tariff Securitisations

Other
July 14, 2011

DBRS has today published its methodology for the rating approach for Portuguese electricity tariff securitisations. This methodology is based on a financial technology which has been in use for almost 20 years in Europe and over 12 years in the United States. Creation and imposition of a special tariff on the basic necessity of electricity has proved to be a powerful financial tool which has served as the basis for several highly rated secured transactions. Although this methodology concentrates on the framework with respect to Portuguese electricity tariffs, the basic tenets with respect to the legal aspect of the framework can generally be applied across regions.

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