DBRS Releases Updated Criteria: Support Assessments for Banks and Banking Organisations

DBRS Limited, DBRS, Inc. and DBRS Ratings Limited (collectively, DBRS) has today published an updated Criteria: Support Assessments for Banks and Banking Organisations that is effective as of today. This methodology supersedes the existing methodology published on 15 December 2015.

This criteria addresses in detail how DBRS evaluates and incorporates two forms of support into its ratings of banks, banking organisations and their subsidiaries, and certain other financial institutions: internal support from within a banking organisation and systemic support from governments. The changes are largely for clarification and to update the language to reflect the evolving regulatory environment. Accordingly, this update has not resulted in any rating changes or other rating actions. Given the limited changes, this update was not published with a request for comment.

Notwithstanding today’s release, DBRS continues to monitor the effectiveness of this criteria and other banking related methodology in light of the ongoing evolution of banking legislation, regulation and supervision globally.

DBRS will continue to provide additional clarity and implement new considerations in its methodology updates as appropriate on a timely basis. DBRS's rating definitions and the terms of use of such ratings are available at www.dbrs.com. DBRS’s methodologies and criteria are available by contacting us at info@dbrs.com.