DBRS Publishes Updated Canadian Trade Receivables Methodology

DBRS Limited (DBRS) has today released an updated version of its Rating Canadian Trade Receivables Securitization Transactions methodology.

DBRS does not view the updates as significant and has determined that the updated methodology will not result in any impact on existing Canadian structured finance ratings.

The changes made to the methodology are generally editorial in nature and are intended to provide further clarity and increased transparency into DBRS’s rating approach.

The updated methodology supersedes the version previously published in November 2013. It is applied in conjunction with DBRS’s “Legal Criteria for Canadian Structure Finance,” and if applicable, “Rating Canadian ABCP” and/or “Derivatives Criteria for Canadian Structured Finance.”

Publication of the updated methodology is part of DBRS’s ongoing efforts to provide greater transparency to the ratings process by outlining the various factors that DBRS considers when evaluating Canadian trade receivables transactions.