DBRS Publishes Updated Master European Structured Finance Surveillance Methodology
ABCP, Auto, RMBSDBRS Ratings Limited (DBRS) has today published an updated version of its methodology for the surveillance of European Structured Finance transactions. This version contains minor improvements for clarity and content. No material changes were made to the methodology and no rating actions shall be taken on any outstanding ratings. This methodology, effective as of the date of this press release, supersedes the previous methodology dated June 2011.
The criteria includes a description of the DBRS surveillance process including the rating committee process, the types of rating actions taken by rating committees, our disclosure policies and procedures, as well as the sector specific methodologies employed by DBRS in the ongoing monitoring of the following asset types:
o Residential Mortgages
o Covered Bonds
o Unsecured and Secured Consumer Loans
o Consumer and Commercial Leases
o Auto Wholesale Loans
o Credit Cards
o Small and Medium Enterprise Loans
o Electricity Tariffs
DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.