DBRS Releases Updated Methodology for Rating Canadian Credit Card and Personal Line of Credit Securitizations

DBRS Limited (DBRS) has today released an updated version of its methodology “Rating Canadian Credit Card and Personal Line of Credit Securitizations,” which supersedes the version published in November 2013. Publication of the updated methodology is part of DBRS’s ongoing effort to provide greater transparency to the ratings process by outlining the various factors that DBRS expects to see in transaction documentation, particularly for transactions rated AAA (sf) or R-1 (high) (sf).

As the changes made to the updated version are generally editorial in nature and are not material, DBRS determined that the updated methodology has no impact on existing Canadian structured finance ratings backed by these asset classes.

Note:
The methodology providing DBRS’s processes and criteria is available by contacting us at info@dbrs.com.