DBRS Publishes Updated Rating Canadian Structured Finance Transactions Methodology and Related Appendices

DBRS Limited (DBRS) has today released updated versions of the following methodology and related appendices:

-- Rating Canadian Structured Finance Transactions
-- Franchise Loans Appendix
-- Consumer Loans Appendix

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

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

The updated methodology and appendices supersede the versions previously published in October 2014. They are applied in conjunction with DBRS’s “Legal Criteria for Canadian Structure Finance” and, if applicable, “Rating Canadian ABCP and Related Enhancement Features” and/or “Derivatives Criteria for Canadian Structured Finance.”

Publication of the updated methodologies 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 transactions from each of the asset classes.