DBRS Publishes Methodology with Updated Addendum on Belgian, French, Portuguese and U.K. RMBS

DBRS Ratings Limited (DBRS) has today published its “Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda” (the Methodology) with updated addenda on Belgian, French, Portuguese and U.K. RMBS.

The Methodology presents the criteria on which Belgian, French, Portuguese and U.K. RMBS — and, where relevant, covered bonds ratings — are based.

The Methodology is effective as of 5 August 2014.

Changes since the publication of the previous methodology in March 2014 relate to the treatment of mortgage mandates in the loss analysis for Belgian RMBS. There are no changes to the French, Portuguese or U.K. Addenda. DBRS has concluded that the changes in the updated Methodology are not material and no rating actions will be taken on any related outstanding ratings. DBRS has not published a request for comment.

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.