DBRS Releases Updated Methodology for Rating Canadian Credit Card and Personal Line of Credit Securitizations

DBRS Limited (DBRS) released an updated version of its methodology, “Rating Canadian Credit Card and Personal Line of Credit Securitizations,” that supersedes the version published in November 2016. The methodology outlines the various factors that DBRS expects to see in transaction documentation, particularly for transactions rated AAA (sf) or R-1 (high) (sf).

The changes made to the updated version are deemed to not be material, DBRS determined that the updated methodology has no impact on any outstanding Canadian structured finance ratings backed by credit cards or personal lines of credit.

Notes:
The methodology providing DBRS’s processes and criteria is available by contacting us at info@dbrs.com.

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