DBRS Publishes Updated Operational Risk Assessments for Canadian Structured Finance Methodology

DBRS has today released an updated version of the methodology “Operational Risk Assessments for Canadian Structured Finance.”

DBRS deems the updates as not material and has determined that the updated methodology will not result in any rating actions 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 2016. 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 into the ratings process by outlining the various factors that DBRS considers when evaluating transactions from each of the asset classes.

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

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