DBRS Viewpoint Launches New Products for European CMBS and RMBS

DBRS announces the launch of new DBRS Viewpoint products for Europe just ahead of the annual IMN Global ABS conference in Barcelona on Monday, 10 June 2019. DBRS Viewpoint will now offer coverage of European commercial mortgage-backed security (CMBS) and residential mortgage-backed security (RMBS) collateral. The launch also includes the public release of its European RMBS Insight Asset Model (the Asset Model). DBRS’s market-leading Viewpoint products provide unrivalled transparency into its credit analysis and rating process. Both investors and issuers will equally benefit from the complimentary access to these new DBRS benchmark products.

DBRS Viewpoint is an online platform that provides interactive access to structured finance transaction information, as well as commentaries and analytics for DBRS-rated deals. DBRS Viewpoint has been a popular platform focusing on CMBS in the United States. DBRS Viewpoint is now being extended to cover European content. It will cover certain European RMBS-related information powered by loan-level data from European DataWarehouse GmbH (EDW) and other data sources, as well as European CMBS information. DBRS Viewpoint will give users additional transparency into certain DBRS European RMBS asset metrics and allow users to create personalised portfolios to generate customised analytics.

Christian Thun (Chief Executive Officer of European DataWarehouse GmbH) stated, “We are proud that DBRS has chosen European DataWarehouse as a source for loan-level data for its DBRS Viewpoint product. Our mission has always been to increase transparency and restore confidence in the European ABS market, so we‘re pleased to provide data for a product that does just that.”

The Asset Model allows users to upload residential mortgage portfolios and estimate stress scenario default rates, loss given default and scenario loss rates of certain European residential mortgage loan portfolios in the United Kingdom, the Netherlands and Spain (each as described further in the DBRS “European RMBS Insight Methodology” and the relevant jurisdiction-specific addenda). Users are also able to compare their own portfolios with transactions in the EDW database from the relevant jurisdictions.

Registration and access to DBRS Viewpoint’s European RMBS and CMBS coverage and the Asset Model will be available at https://viewpoint.dbrs.com/eurmbs. Access is complimentary, and no subscription is required.

DBRS will be providing live demonstrations of both tools at the IMN Global ABS conference in Barcelona from 11 June 2019 to 13 June 2019. DBRS representatives are available to arrange one-on-one training sessions.

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