DBRS Requests Comments on Pooled Aircraft Lease Securitization Methodology and Exhibits/Appendix to Operational Risk Assessment for ABS Servicers & Originators and Master U.S. ABS Surveillance

DBRS, Inc. (DBRS) is today requesting comments on the following:

(1) A new methodology titled “Rating Pooled Aircraft Lease Securitizations—Request for Comment” (the Methodology). The Methodology provides an analytical framework for reviewing Pooled Aircraft Lease securitizations.
(2) The Pooled Aircraft Lease Securitization Exhibits to the existing Operational Risk Assessment for U.S. ABS Originators and the existing Operational Risk Assessment for U.S. ABS Servicers.
(3) The Pooled Aircraft Lease Securitization Appendix to the existing DBRS Master U.S. ABS Surveillance Methodology.

The Methodology provides a discussion of the following:

-- Executive summary,
-- Industry overview,
-- Key collateral performance drivers,
-- Operational risk review,
-- Aircraft lease ABS financial structure,
-- Legal structure,
-- Collateral analysis,
-- Cash flow analysis and
-- Surveillance.

Comments should be received on or before April 28, 2016. Please submit comments to the following email address: Structured.Finance.Comments@dbrs.com. Following a review and evaluation of all submissions, DBRS will publish a final version of the Methodology. All comments DBRS receives will be made public after the final version of the Methodology is published, unless confidentiality is specifically requested.

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

The complete Operational Risk Assessment for U.S. ABS Servicers and Originators methodologies and the Master U.S. ABS Surveillance Methodology can be found by clicking on the link under Related Research on the right of the screen.