DBRS Publishes Marine Containers Appendix to Its DBRS Master U.S. ABS Surveillance Methodology

DBRS, Inc. (DBRS) has today published an appendix to its methodology entitled “DBRS Master U.S. ABS Surveillance Methodology” that addresses the surveillance of marine container asset-backed securities (ABS). The key performance metrics include the following:

-- Credit Enhancement
-- Transaction Parties
-- Pool Concentrations
-- Performance Triggers/Manager’s Financial Covenants

The methodology includes an asset-specific appendix for marine container leases. This methodology, effective as of the date of this press release, presents the method by which DBRS performs surveillance for marine container lease transactions. While DBRS considers this update to be a material change, it remains consistent with the method generally used by DBRS to monitor marine container ABS transactions. Therefore, application of the methodology to existing DBRS-rated transactions does not result in any rating changes or other rating actions.

DBRS criteria and methodologies are publicly available on its website at http://www.dbrs.com/methodologies

For more information on ratings for equipment lease and loan securitizations, visit www.dbrs.com or contact us at info@dbrs.com.