DBRS Morningstar Publishes Updated Methodology for Rating U.S. Structured Settlements Asset-Backed Securitizations

DBRS, Inc. (DBRS Morningstar) published an updated version of its “Rating U.S. Structured Settlements Asset-Backed Securitizations” methodology (the Methodology).

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on September 27, 2018, and is effective as of November 7, 2019. DBRS Morningstar deems the update not to be material and has determined that no ratings are expected to change as a result of this update. The non-material changes include:

(1) Update of the industry overview and removal of common elements of securitization structures, which are discussed in the “Rating U.S. Structured Finance Transactions” methodology;
(2) Update of operational risk review section to conform to recently published methodologies; and
(3) Certain editorial modifications.

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

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