DBRS Publishes Updated Legal Criteria for European Structured Finance Transactions

DBRS Ratings Limited (DBRS) has today published its updated legal criteria for European structured finance transactions. The methodology provides greater transparency to the ratings process by outlining to market participants the principal legal criteria DBRS applies when rating a structured finance or structured credit transaction. The principal updates to the methodology are with regards to Eligible Investments.

DBRS has reviewed all outstanding European structured finance transactions and all transactions currently meet the DBRS updated criteria. As a result, DBRS is not taking rating actions based upon these updates.

Separately, DBRS has also published individual jurisdictional commentaries that set out certain specific considerations applicable to structured finance transactions in the respective country. The commentaries can be accessed through the ‘Related Research’ section of the updated legal criteria or on its website www.dbrs.com under Commentaries.

• Belgium
• France
• Germany
• Ireland
• Italy
• Netherlands
• Portugal
• Spain
• United Kingdom

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

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.