DBRS Publishes Updated Legal Criteria for European Structured Finance Transactions

DBRS Ratings Limited (DBRS) has today published an updated version of its Legal Criteria for European Structured Finance Transactions. The update provides additional criteria for entities acting as account banks in structured finance transactions with the highest outstanding rating of ‘A’ (high) or below. The table that provides the minimum institutional rating for an account bank can be viewed on page 22 of the criteria.

All DBRS rated European securitizations meet the new criteria and, as a result, no rating actions will be taken.

This methodology, effective as of the date of this press release, supersedes the previous version.

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