DBRS Publishes Updated Rating European Consumer and Commercial Asset-Backed Securitisations Methodology

DBRS Ratings Limited (DBRS) published its updated “Rating European Consumer and Commercial Asset-Backed Securitisations” methodology (the European ABS Methodology).

The European ABS Methodology, effective today, supersedes the “Rating European Consumer and Commercial Asset-Backed Securitisations” Methodology from, November 2016 and the “Italian Salary-Assignment Loan Securitisations – Methodology” published on 11 May 2017 (the SAL Methodology). The SAL methodology has been integrated into the updated European ABS Methodology.

The European ABS Methodology incorporates the content of the SAL Methodology that was published in May 2017 and designed to be applied in conjunction with the then current “Rating European Consumer and Commercial Asset-Backed Securitisations” methodology dated November 2016. The European ABS Methodology also features the reorganization of content and some language additions to connect the text and to link the added content of the SAL Methodology. No changes have been implemented in any of the quantitative factors used to analyse consumer and commercial receivables or asset-backed securitisations.

The changes to the European ABS Methodology (inclusive of the SAL Methodology) are not deemed to be material, and as a result, no outstanding ratings will be affected as a result of this update.

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

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

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