DBRS Archives Methodology for Rating Reverse Mortgage Transactions in Canada

DBRS has today archived the methodology “Rating Reverse Mortgage Transactions in Canada.” The archiving is the result of DBRS’s ongoing regular review of its rating methodologies.

Effective immediately, new issuances collateralized by reverse mortgages in Canada will be based on the recently released “Rating Canadian Structured Finance Transactions” general methodology. An appendix specific to reverse mortgages will be added to this methodology should new transactions occur.

There is only one issuer in this asset class in Canada, and the related ratings were recently confirmed on February 14, 2012, as part of DBRS’s continued effort to provide timely credit opinions and increased transparency to market participants. The archiving of this methodology has no impact on the ratings.

The methodology providing DBRS's processes and criteria is available by contacting us at info@dbrs.com.