DBRS Adds ABCP Support Instrument Ratings to ABCP Methodology

DBRS has today published an updated version of its methodology entitled “ABCP Criteria Report for U.S. and European ABCP Conduits,” used to rate asset-backed commercial paper (ABCP) and related instruments.

This methodology update includes a new section on ABCP Support Instruments detailing the methodology DBRS applies to rating Liquidity and Program-Wide Credit Enhancement Instruments. The updates to this methodology are non-material and, as such, there are no changes to outstanding ratings.

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.