DBRS Publishes Updated Operational Risk Assessments for Canadian Structured Finance Methodology

DBRS Limited (DBRS) has today released an updated version of the “Operational Risk Assessments for Canadian Structured Finance” methodology. It was previously titled, “Operational Risk Assessment and Residential Mortgage Servicer Evaluation for Canadian Structured Finance.”

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

The changes made to the updated methodology are generally editorial in nature and are intended to provide further clarity and increased transparency into DBRS’s rating approach.

The updated methodology supersedes the version previously published in April 2015. It is applied in conjunction with DBRS’s related asset-class-specific methodology, “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 methodology 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.