DBRS Publishes Updated Portuguese Electricity Tariff Securitisations Methodology

DBRS has today published its updated methodology for the rating approach for Portuguese electricity tariff securitisations. This methodology concentrates on the securitisation of compensation entitlements arising from some Portuguese tariff deficits. The predominant focus of the methodology is the legal and regulatory framework, in addition to a discussion of the liquidity risks and the parties responsible for mitigating those risks.

The Methodology is effective as of October 10, 2014.

The changes to the Methodology are not deemed material and no rating actions will result from the release of the Methodology.

DBRS criteria and methodologies are publicly available on its website, www.dbrs.com, under Methodologies. DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com.