DBRS Publishes Updated European RMBS Methodology and Jurisdictional Addenda

DBRS Ratings Limited (DBRS) has today published its “Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda” (the Methodology) with updated addenda on Irish residential mortgage-backed securities (RMBS).

The Methodology presents the criteria on which Irish – and, where relevant, covered bonds ratings – are based.

The Methodology is effective as of 4 January 2016.

DBRS recently conducted a review of the Irish addenda and concluded that no material changes were necessary and no rating actions will be taken on any related outstanding ratings. DBRS has not published a request for comment.

The Methodology also includes an update to the Operational Risk Assessment with a reference to the recently published DBRS “Operational Risk Assessment for European Structured Finance Originators” methodology.

Notes:
The methodology providing DBRS's processes and criteria is available by contacting us at info@dbrs.com.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.