DBRS Releases Updated Methodology for Rating Canadian Residential Mortgages, HELOCs and Reverse Mortgages

DBRS Limited (DBRS) released an updated version of its “Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages” methodology, which 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 or assessed at AAA (sf) or equivalent.

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 residential mortgages, home equity lines of credit or reverse mortgages.

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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.