DBRS Publishes Updated Methodology for Rating U.S. Structured Settlements Asset-Backed Securitizations

DBRS, Inc. (DBRS) has today published an updated methodology titled, “Rating U.S. Structured Settlements Asset-Backed Securitizations” (the Methodology). The Methodology provides an analytical framework for reviewing structured settlement securitizations in the United States.

This methodology provides a discussion of the following:

-- Quality of originations, underwriting practices and portfolio management;
-- Quality of servicing capabilities;
-- Collateral quality analysis, including creditworthiness of the insurance carriers backing collateral pool;
-- Capital structure, target ratings and credit enhancement;
-- Cash flow scenario analysis; and
-- Legal structure and opinions.

DBRS has also published its Unified Interest Rate Model for Rating U.S. Structured Settlement ABS Transactions, which sets forth a consistent platform for the application of interest rate stresses applied across all U.S. structured settlement asset-backed security ratings.

The methodology, effective as of the date of this press release, supersedes all previous methodologies for U.S. structured settlement securitizations. DBRS does not deem the changes to be material. Accordingly, this methodology release does not result in any rating changes or other rating actions on existing DBRS-rated transactions.

Notes:
DBRS criteria and methodologies are publicly available on its website at www.dbrs.com under Methodologies.

For more information on ratings for U.S. auto lease securitizations, visit www.dbrs.com or contact us at info@dbrs.com.