DBRS Publishes Updated Methodologies for Canadian Structured Finance

DBRS published two updated Canadian Structured Finance methodologies as follows:

-- “Master Canadian Structured Finance Surveillance Methodology”
-- “Operational Risk Assessments for Canadian Structured Finance”

The updates relate to the inclusion of surveillance and operational procedures that DBRS will follow pursuant to the recently released Legislated Utility Collections appendix included in its “Rating Canadian Structured Finance Transactions” methodology.

These updates supersede previous versions of these methodologies published in May 2017 and April 2017, respectively. Other than the changes indicated above, the balance of the updates to the methodologies were editorial in nature.

While certain details have been clarified in these methodologies, DBRS deems the changes to not be material and has determined that no ratings are or will be changed due to these updates.

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

DBRS’s methodologies and criteria are available at www.dbrs.com or by contacting us at info@dbrs.com.