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

DBRS Morningstar Credit Ratings (DBRS Morningstar) published an updated version of the “Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages” methodology (the Methodology) and the Canadian RMBS Model (the Model). The Model can be downloaded from www.dbrs.com/models.

DBRS Morningstar has conducted a periodic review of the Methodology and Model. These updates supersede the previous versions published on November 6, 2018, and November 18, 2015, respectively, and are effective as of November 6, 2019.

DBRS Morningstar made minor changes to several names and labels in the Model’s worksheets. No calculations were changed in the Model. DBRS Morningstar deems the updates not to be material and has determined that no ratings are expected to change as a result of these updates.

Notes:
DBRS Morningstar methodologies are publicly available on its website www.dbrs.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit www.dbrs.com or contact us at [email protected].