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

DBRS has today released updated versions of the following methodology and appendices:
-- Rating Canadian Structured Finance Transactions (General CSF Methodology)
-- Franchise Loans Appendix to the General CSF Methodology
-- Consumer Loans Appendix to the General CSF Methodology
-- Insurance Premium Loans to the General CSF Methodology

DBRS does not deem the updates to be material and has determined that the updated methodologies will not result in any impact on existing Canadian structured finance ratings.

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.

The updated methodology and appendices supersede the versions previously published in November 2015. 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.

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

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