DBRS Publishes Updated Derivative Criteria for European Structured Finance Transactions

DBRS Ratings Limited (DBRS) has today published an updated version of its “Derivative Criteria for European Structured Finance Transactions.” The updates reference recent changes to the DBRS Methodology “Legal Criteria for European Structured Finance Transactions” and clarify the utilization and impact of financial institution rating levels as well as downgrade triggers with respect to a counterparty. Further, the updates clarify situations where additional analysis of a counterparty may be warranted because of increased exposure of the rated transaction to the credit risk of said counterparty.

The changes to the criteria are not deemed material. All DBRS-rated European securitizations meet the new criteria and, as a result, no rating actions will be taken.

This methodology, effective as of the date of this press release, supersedes the previous version.

Notes:
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.