Credit Rating Policies

Methodology Development and Modification Global Policy

Summary

This Methodology Development and Modification Global Policy ("Policy") establishes a global standard for Morningstar DBRS to develop and modify Methodologies.

This Policy applies to Covered Personnel globally and should be read in conjunction with the Methodology Review Function ("MRF") Methodology Review Global Procedure and Guidance, the Structured Finance Model Development Overview Process Global Procedure, the MRF Model Review Global Procedure, the Corporate Finance Criteria Committee Global Policy and Procedure and the Structured Finance Criteria Committee Global Policy and Procedure, as applicable, and the Methodology and (Predictive) Model Development Teams ("MDT"/"PMDT") Global Guidance. Terms capitalized throughout this Policy are defined herein or in the Glossary.