DBRS Publishes Updated Rating European Covered Bonds Methodology

DBRS published an updated “Rating European Covered Bonds” methodology. DBRS streamlined the language in order to incorporate and merge the “Covered Bonds of Public Sector Exposures” methodology, which was concurrently retired.

DBRS also published an updated “Rating European Covered Bonds Addendum: Market Value Spreads” methodology with the objective to incorporate the market value spreads assumptions for public sector exposures. The title of the Addendum was shortened.

The changes are deemed to be non-material and have no impact on outstanding ratings.

Notes:
The methodology is publicly available on www.dbrs.com under Methodologies or by contacting us at info@dbrs.com.

DBRS rating definitions and the terms of use of such ratings are available at www.dbrs.com.

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