DBRS Publishes Updated European Structured Finance Rating Methodologies

DBRS Ratings Limited has today published updated versions of the following methodologies:

•Legal Criteria for European Structured Finance Transactions
•Master European Structured Finance Surveillance Methodology
•Operational Risk Assessment for European RMBS Servicers
•Operational Risk Assessment for European ABS and SME CLO Servicers
•Swap Criteria for European Structured Finance Transactions

These methodologies, effective as of the date of this press release, supersede the previous versions.

The only change to the methodologies is the inclusion of the use of private ratings in addition to internal assessments for transaction parties and counterparties in cases where DBRS does not maintain a public rating for an entity. No rating actions will be taken on any outstanding European Structured Finance, Structured Credit and Commercial Mortgage-Backed Securities ratings as a result of the change.

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