DBRS Publishes Methodology on Canadian Structured Finance Surveillance

DBRS has today published its methodology on Canadian structured finance surveillance. DBRS performs surveillance as part of the standard rating process in order to maintain the relevancy of our rating opinions; all outstanding structured finance public and private ratings are monitored on a regular basis. During the surveillance process, DBRS tracks the performance of individual transactions within the context of their documentation and the appropriate DBRS methodology.

This methodology is applicable to the asset classes that DBRS rates: auto loans and leases, auto fleet leasing, rental car securitizations, floorplan financing, equipment finance, credit cards, home equity and personal lines of credit and residential mortgages, as well as asset-backed commercial paper and covered bonds. The methodology provides a general guideline for the surveillance of structured finance securities and is complementary to DBRS’s asset-specific rating approaches.