DBRS Publishes Updated Unified Interest Rate Model Methodologies

DBRS, Inc. and DBRS Ratings Limited (DBRS) has today published updated versions of its Unified Interest Rate Model methodologies for European Securitisations, Global Structured Finance CDO Restructurings, U.S. and European Structured Credit, U.S. RMBS transactions and US Timeshare Loan ABS transactions. The purpose of the DBRS Unified Interest Rate Model is to provide a consistent platform for the application of interest rate stresses to be applied across all structured finance rating requests. As such, the platform generates upwards and downwards stresses for such diverse interest rates as US LIBOR, CP, PRIME, CMT and MTA.

This methodology, effective as of the date of this press release, supersedes the previous methodologies. All related DBRS rated transactions meet the new criteria and, as a result, no rating actions will be taken.

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