DBRS Publishes Updated Methodology for Rating European Covered Bonds

DBRS Ratings Limited (“DBRS”) has today published its updated rating methodology Rating European Covered Bonds. This publication includes rating specific market value spreads to calculate liquidation values of the cover pool. The methodology also incorporates an appendix with the updated DBRS idealised default table. The methodology is effective as of 25 October 2011.

DBRS currently has no outstanding ratings in this sector; this updated methodology will not result in any rating actions.

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