DBRS Adds ABCP Enhancement Ratings to Canadian ABCP Methodology

DBRS Limited (DBRS) has today published an updated version of its “Rating Canadian ABCP” methodology (the ABCP Methodology) which is used to rate Canadian asset-backed commercial paper (ABCP) and related instruments. The ABCP Methodology has been updated to include a new section on rating ABCP-related enhancement such as program-wide credit enhancement, subordinated notes and liquidity. The updates to the ABCP Methodology codify the ratings analysis that DBRS has applied to rating ABCP-related enhancement to date and, as a result, there are no changes to existing ABCP-related enhancement ratings and Canadian ABCP ratings.

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

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