Methodology
Operational Risk Assessment for European Structured Finance Originators (Archived)
ABCP, Auto, RMBSAvailable Documents
Related Documents
Press Release:
- DBRS Morningstar Confirms Ratings on E-CARAT 10
- DBRS Morningstar Assigns Rating to Clara Sec S.r.l.
- DBRS Morningstar Confirms Ratings on Autonoria 2019
- DBRS Morningstar Confirms Ratings on BEST 2010 B.V.
- DBRS Morningstar Confirms Rating on Emilia SPV S.r.l.
- DBRS Morningstar Assigns Ratings to Alba 11 SPV S.r.l.
- DBRS Morningstar Confirms Ratings on BBVA Consumo 10 FT
- DBRS Morningstar Confirms Ratings on AutoFlorence 1 S.r.l.
- DBRS Morningstar Discontinues Ratings of Aurorus 2017 B.V.
- DBRS Morningstar Assigns Ratings to Victoria Finance No. 1
- DBRS Morningstar Confirms Rating of Nostrum Mortgages No. 2
- DBRS Morningstar Discontinues Ratings on PCL Funding II PLC
- DBRS Morningstar Assigns Ratings to Lanterna Mortgage S.r.l.
- DBRS Morningstar Discontinues Rating on Claris RMBS 2014 Srl
- DBRS Morningstar Confirms Rating on Valsabbina SME SPV S.r.l.
- DBRS Morningstar Confirms Ratings on Brignole CO 2019-1 S.r.l.
- DBRS Morningstar Confirms Ratings on Leone Arancio RMBS S.r.l.
- DBRS Morningstar Confirms Rating on Quarzo S.r.l. - Series 2017
- DBRS Morningstar Confirms Ratings of Three Essence Transactions
- DBRS Morningstar Confirms Ratings on Secucor Finance 2013-I DAC
- DBRS Morningstar Assigns AAA (sf) Rating to Hypenn RMBS VII B.V.
- DBRS Morningstar Assigns Ratings to Ginkgo Personal Loans 2020-1
- DBRS Morningstar Confirms Rating of FCT Cars Alliance DFP France
- DBRS Morningstar Confirms Ratings on Ardmore Securities No.1 DAC
- DBRS Morningstar Finalises Provisional Ratings on E-CARAT 11 plc
- DBRS Morningstar Assigns Provisional Ratings to Aurorus 2020 B.V.
- DBRS Morningstar Assigns Ratings to Burlington Mortgages No.1 DAC
- DBRS Morningstar Confirms Ratings of BBVA Consumer Auto 2018-1 FT
- DBRS Morningstar Confirms Ratings on Bumper UK 2019-1 Finance plc
- DBRS Morningstar Assigns Provisional Ratings to Castell 2020-1 plc
- DBRS Morningstar Assigns Ratings to Lanterna Finance S.r.l. (2020)
- DBRS Morningstar Confirms Rating of Cars Alliance DFP Germany 2017
- DBRS Morningstar Discontinues Ratings on NewDay Funding 2015-2 plc
- DBRS Morningstar Discontinues Ratings on NewDay Funding 2017-1 plc
- DBRS Morningstar Assigns Provisional Ratings to FT RMBS Santander 6
- DBRS Morningstar Finalises Provisional Ratings on Aurorus 2020 B.V.
- DBRS Morningstar Assigns AAA (sf) Rating to Noria 2020 Class A Notes
- DBRS Morningstar Confirms Rating of Red & Black Consumer France 2013
- DBRS Morningstar Confirms Rating on FCT Credit Agricole Habitat 2015
- DBRS Morningstar Finalises Provisional Ratings on Castell 2020-1 plc
- DBRS Morningstar Confirms Rating of FCT Crédit Agricole Habitat 2018
- DBRS Morningstar Confirms Rating on FCT Crédit Agricole Habitat 2019
- DBRS Morningstar Confirms Ratings on Driver Master SA - Compartment 2
- DBRS Morningstar Confirms and Upgrades Ratings on Gemgarto 2018-1 PLC
- DBRS Morningstar Finalises Provisional Rating on BBVA Leasing 2, F.T.
- DBRS Morningstar Finalises Provisional Ratings on FT RMBS Santander 6
- DBRS Morningstar Assigns Provisional Rating to Bastion 2020-1 NHG B.V.
- DBRS Morningstar Assigns Provisional Ratings to Avon Finance No. 2 plc
- DBRS Morningstar Confirms Rating on Auto ABS Spanish Loans 2018-1 F.T.
- DBRS Morningstar Discontinues Rating on Rembrandt Dutch Mortgages B.V.
- DBRS Morningstar Assigns Provisional Ratings to Santander Consumo 3, FT
- DBRS Morningstar Confirms Ratings of BEST 2010 B.V. Following Amendment
- DBRS Morningstar Confirms Ratings on Civitas SPV S.r.l. - Series 2017-1
- DBRS Morningstar Takes Rating Actions on 11 European RMBS Transactions
- DBRS Morningstar Assigns AA (sf) Rating to Quarzo S.r.l. – Series 2020
- DBRS Morningstar Assigns Provisional Ratings to Caixabank Consumo 5, FT
- DBRS Morningstar Confirms Ratings on Three SC Germany Auto Transactions
- DBRS Morningstar Discontinues Ratings on Belmont Green Funding 3 Limited
- DBRS Morningstar Finalises Provisional Rating on Bastion 2020-1 NHG B.V.
- DBRS Morningstar Finalises Provisional Ratings on Avon Finance No. 2 plc
- DBRS Morningstar Assigns A (sf) Rating to Fanes S.r.l. – Series 2020-1
- DBRS Morningstar Assigns Ratings to Weser Funding S.A., Compartment No. 2
- DBRS Morningstar Confirms Rating on FCT Oneycord, Compartiment Oneycord 1
- DBRS Morningstar Finalises Provisional Ratings on Caixabank Consumo 5, FT
- DBRS Morningstar Upgrades Provisional Class F Rating on Aurorus 2020 B.V.
- DBRS Morningstar Assigns Provisional Ratings to Fingal Securities RMBS DAC
- DBRS Morningstar Confirms AAA Ratings on Banco Sabadell S.A. Covered Bonds
- DBRS Morningstar Confirms AAA Ratings on Bankia S.A. Cédulas Hipotecarias
- DBRS Morningstar Confirms Rating on Auto ABS Italian Balloon 2019-1 S.r.l.
- DBRS Morningstar Confirms Ratings on RevoCar 2019 UG (haftungsbeschränkt)
- DBRS Morningstar Finalises Provisional Ratings on Santander Consumo 3, FT
- DBRS Morningstar Confirms A (high) Ratings on Cajamar Cédulas Hipotecarias
- DBRS Morningstar Confirms Ratings of Cartesian Residential Mortgages 4 S.A.
- DBRS Morningstar Discontinues Ratings on Driver Master S.A. - Compartment 1
- DBRS Morningstar Confirms A (high) Rating on Liberbank Cédulas Hipotecarias
- DBRS Morningstar Confirms Ratings on Sunrise SPV Z70 S.r.l. - Sunrise 2019-1
- DBRS Morningstar Finalises Provisional Ratings on Fingal Securities RMBS DAC
- DBRS Morningstar Assigns Provisional Ratings to Finance Ireland RMBS No.2 DAC
- DBRS Morningstar Assigns Ratings to Golden Bar (Securitisation) S.r.l. 2020-2
- DBRS Morningstar Assigns Ratings to Sunrise SPV Z90 S.r.l. – Sunrise 2020-1
- DBRS Morningstar Confirms Ratings of FCT Ginkgo Compartment Debt Conso 2015-1
- DBRS Morningstar Takes Rating Actions on SCL - Scandinavian Consumer Loans VI
- DBRS Morningstar Assigns Provisional Ratings to BBVA Consumer Auto 2020-1, FT
- DBRS Morningstar Confirms Ratings on Cars Alliance Auto Loans Germany V 2019-1
- DBRS Morningstar Takes Rating Actions on RevoCar 2018 UG (haftungsbeschränkt)
- DBRS Morningstar Upgrades Rating on Cars Alliance Auto Loans Italy 2015 S.r.l.
- DBRS Morningstar Assigns Provisional Ratings to Tudor Rose Mortgages 2020-1 PLC
- DBRS Morningstar Assigns Ratings to aZul Master Credit Cards DAC Series 2020-1
- DBRS Morningstar Confirms AA Rating on Cajasur Banco S.A. Cédulas Hipotecarias
- DBRS Morningstar Finalises Provisional Ratings on Finance Ireland RMBS No.2 DAC
- DBRS Morningstar Assigns Provisional Ratings to Auto ABS Spanish Loans 2020-1 FT
- DBRS Morningstar Confirms Rating of Crediper Consumer S.r.l. Following Amendment
- DBRS Morningstar Finalises Provisional Ratings on BBVA Consumer Auto 2020-1, FT
- DBRS Morningstar Takes Rating Actions on Florence SPV S.r.l. Following Amendment
- DBRS Morningstar Assigns AAA (sf) Rating to Auto ABS Italian Rainbow Loans 2020-1
- DBRS Morningstar Confirms Provisional Ratings on Auto ABS Spanish Loans 2020-1 FT
- DBRS Morningstar Confirms Rating of UBI SPV Lease 2016 S.r.l. Following Amendment
- DBRS Morningstar Confirms Rating on Class A Notes Issued by Geldilux-TS-2015 S.A.
- DBRS Morningstar Discontinues Ratings of Globaldrive Germany Retail VFN 2018 B.V.
- DBRS Morningstar Finalises Provisional Ratings on Tudor Rose Mortgages 2020-1 PLC
- DBRS Morningstar Assigns Provisional Ratings to Dutch Property Finance 2020-2 B.V.
- DBRS Morningstar Discontinues and Withdraws Ratings on Nine Colonnade Transactions
- DBRS Morningstar Finalises Provisional Rating on FCT Crédit Agricole Habitat 2020
- DBRS Morningstar Confirms Ratings of Latitude Australia Credit Card Loan Note Trust
- DBRS Morningstar Assigns A (sf) Rating to Globaldrive Auto Receivables UK 2020-A plc
- DBRS Morningstar Assigns Provisional Rating of AA (low) (sf) to BBVA Leasing 2, F.T.
- DBRS Morningstar Finalises Provisional Ratings on Dutch Property Finance 2020-2 B.V.
- DBRS Morningstar Assigns Provisional Ratings to NewDay Partnership Funding 2020-1 plc
- DBRS Morningstar Confirms Ratings on Golden Bar (Securitisation) S.r.l. Series 2019-1
- DBRS Morningstar Downgrades Rating on Prosil Acquisition S.A., Trend Remains Negative
- DBRS Morningstar Assigns AA (low) (sf) Rating to Marzio Finance S.r.l. - Series 8-2020
- DBRS Morningstar Assigns Provisional Ratings to Cartesian Residential Mortgages 5 S.A.
- DBRS Morningstar Confirms Rating of Asti Group PMI S.r.l. After Transaction Amendment
- DBRS Morningstar Confirms Rating on Golden Bar (Securitisation) S.r.l. - Series 2018-1
- DBRS Morningstar Confirms Ratings on Wizink Master Credit Cards Fondo de Titulización
- DBRS Morningstar Assigns Provisional Ratings to PCL Funding IV PLC, Series 2020-1 Notes
- DBRS Morningstar Confirms Rating on Columbus Master Credit Cards Fondo de Titulización
- DBRS Morningstar Confirms Rating on KOROMO S.A., acting in respect of its compartment 2
- DBRS Morningstar Confirms Ratings on Golden Bar (Securitisation) S.r.l. - Series 2016-1
- DBRS Morningstar Confirms Rating on SC Germany Mobility 2019-1 UG (haftungsbeschränkt)
- DBRS Morningstar Assigns Provisional Ratings to Santander Consumer Spain Auto 2020-1, FT
- DBRS Morningstar Finalises Provisional Ratings on Cartesian Residential Mortgages 5 S.A.
- DBRS Morningstar Assigns Provisional Ratings to Cars Alliance Auto Leases France V 2020-1
- DBRS Morningstar Confirms “A” Ratings on Banco Comercial Português S.A. Covered Bonds
- DBRS Morningstar Discontinues and Withdraws Ratings on Three Colonnade Global Transactions
- DBRS Morningstar Finalises Provisional Ratings of Santander Consumer Spain Auto 2020-1, FT
- DBRS Morningstar Assigns Provisional Rating to Rural Hipotecario XIX, Fondo de Titulización
- DBRS Morningstar Confirms Rating on Notes Issued by Weser Funding S.A. – Compartment No. 1
- DBRS Morningstar Finalises Provisional Ratings on Driver España six, Fondo de Titulización
- DBRS Morningstar Finalises Provisional Rating on Rural Hipotecario XIX, Fondo de Titulización
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AA Rating to New Series Under Cajasur Banco S.A. Cédulas Hipotecarias
- DBRS Morningstar Places Indigo Lease S.r.l. Class A Notes Under Review with Negative Implications
- DBRS Morningstar Confirms “A” Rating on Banco Comercial Português S.A. Covered Bonds Series 8
- DBRS Morningstar Places Ratings on Colonnade Global 2018-5 Under Review with Negative Implications
- DBRS Morningstar Takes Rating Actions on VCL Master S.A., acting with respect to its Compartment 1
- DBRS Morningstar Assigns AA (high) (sf) Rating to Loan Invest NV/SA. Compartment SME Loan Invest 2020
- DBRS Morningstar Confirms BBB (low) Ratings of Piraeus Bank SA Global Covered Bonds (GCB - Mortgages)
- DBRS Morningstar Confirms CAFFIL SCF Public Sector Covered Bonds (SCF - Public Sector - Bullet) at AAA
- DBRS Morningstar Confirms Ratings on Ares Lusitani – STC, S.A. (Project Gaia), Trend Remains Negative
- DBRS Morningstar Assigns Provisional Rating to Silver Arrow S.A., acting in respect of its Compartment 11
- DBRS Morningstar Maintains Ratings of 11 European NPL Transactions Under Review with Negative Implications
- DBRS Morningstar Places Ratings on Alhambra SME Funding 2019-1 DAC Under Review with Negative Implications
- DBRS Morningstar Confirms Banco BPI S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) at AA (low)
- DBRS Morningstar Places 56 Ratings of 17 European RMBS Transactions Under Review with Negative Implications
- DBRS Morningstar Finalises Provisional Ratings on Silver Arrow S.A., acting in respect of its Compartment 11
- DBRS Morningstar Confirms Ratings on VCL Master Residual Value S.A., acting with respect to its Compartment 2
- DBRS Morningstar Confirms and Discontinues Rating of Fondo de Titulización Structured Covered Bonds UCI Bond
- DBRS Morningstar Discontinues Rating on Series 2017-1 Issued by Latitude Australia Credit Card Loan Note Trust
- DBRS Morningstar Downgrades Rating of UBI SPV Group 2016 S.r.l. Following Amendment and Removes UR-Neg. Status
- DBRS Morningstar Assigns New Rating to VCL Master Residual Value S.A., acting with respect to its Compartment 2
- DBRS Morningstar Confirms Ratings on Notes Issued by Cars Alliance Auto Loans France Master Following Amendment
- DBRS Morningstar Confirms Ratings on Notes Issued by KMU Portfolio S.A., Compartment 2015-1 Following Amendment
- DBRS Morningstar Confirms BBB (high) Ratings of Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 3)
- DBRS Morningstar Confirms Santander Totta S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) at AA (low)
- DBRS Morningstar Takes Rating Actions on VCL Master Residual Value S.A., acting with respect to its Compartment 2
- DBRS Morningstar Confirms Rating on Indigo Lease S.r.l. and Removes Under Review with Negative Implications Status
- DBRS Morningstar Confirms Ratings on European Residential Loan Securitisation 2019-NPL1 DAC, Trend Remains Negative
- DBRS Morningstar Places NewDay Funding and NewDay Partnership Funding Notes Under Review with Negative Implications
- DBRS Morningstar Assigns Ratings to TAGUS - Sociedade de Titularização de Créditos, S.A. (RMBS Green Belém No.1)
- DBRS Morningstar Confirms AA Ratings on Unione di Banche Italiane S.p.A. Covered Bonds (OBG - Mortgages - Programme 1)
- DBRS Morningstar Takes Rating Actions on Asset-Backed European Securitisation Transaction Fourteen Following Amendment
- DBRS Morningstar Assigns A (high) Rating to Intesa Sanpaolo S.p.A. Covered Bonds Guaranteed by ISP OBG S.r.l. Series 40
- DBRS Morningstar Confirms Ratings on Unione di Banche Italiane S.p.A. Covered Bonds (OBG - Mortgages - Programme 1) at AA
- DBRS Morningstar Confirms “A” Ratings on Novo Banco S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT)
- DBRS Morningstar Assigns AA (low) Rating to Series 16 of Banca Nazionale del Lavoro S.p.A. Covered Bonds (OBG - Mortgages)
- DBRS Morningstar Assigns AAA (sf) Rating to Silver Arrow S.A., acting in respect of its Compartment Silver Arrow UK 2020-1
- DBRS Morningstar Confirms Ratings on BL Consumer Issuance Platform S.A., acting in respect of its compartment BL Cards 2018
- DBRS Morningstar Upgrades Ratings on Unione di Banche Italiane S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) to A (high)
- DBRS Morningstar Confirms “A” Ratings of Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgage Programme 2)
- DBRS Morningstar Assigns AA (low) Rating to Santander Totta S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) Series 25
- DBRS Morningstar Confirms AA (low) Ratings of Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgage Programme 1)
- DBRS Morningstar Confirms Caixa Económica Montepio Geral Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT) at “A”
- DBRS Morningstar Maintains Ratings on NewDay Funding and NewDay Partnership Funding Notes Under Review with Negative Implications
- DBRS Morningstar Assigns A (high) Ratings to Intesa Sanpaolo S.p.A. Covered Bonds Guaranteed by ISP OBG S.r.l. Series 41 and Series 42
- DBRS Morningstar Assigns A (high) Ratings to Intesa Sanpaolo S.p.A. Covered Bonds Guaranteed by ISP OBG S.r.l. Series 43 and Series 44
- DBRS Morningstar Downgrades Caixa Económica Montepio Geral Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT) to BBB (high)
- DBRS Morningstar Assigns AA Rating to Deutsche Bank AG Conditional Pass-Through Structured Covered Bonds Guaranteed by SCB Alpspitze UG, Series 4
- DBRS Morningstar Assigns AA Rating to Deutsche Bank AG Conditional Pass-Through Structured Covered Bonds Guaranteed by SCB Alpspitze UG, Series 5
- DBRS Morningstar Confirms AA Rating on Deutsche Bank AG Conditional Pass-Through Structured Covered Bonds Guaranteed by SCB Alpspitze UG, Series 5
- DBRS Morningstar Confirms and Downgrades Ratings of NewDay Partnership Funding-Related Transactions, Removes Under Review with Negative Implications
- DBRS Morningstar Assigns “A” Ratings to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG - Mortgages - Programme 2) Series 38 and Series 39
- DBRS Morningstar Places the Ratings of 14 European NPL Transactions Under Review with Negative Implications, and Assigns Negative Trend to 15 Transactions
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans France Master, Series 2019-16, Class A Notes and Discontinues Rating on Series 2019-11, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans France Master, Series 2020-08, Class A Notes and Discontinues Rating on Series 2019-16, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans Germany Master, Series 2020-04, Class A Notes and Discontinues Rating on Series 2018-17, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans Germany Master, Series 2020-05, Class A Notes and Discontinues Rating on Series 2018-18, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans Germany Master, Series 2020-06, Class A Notes and Discontinues Rating on Series 2018-19, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans Germany Master, Series 2020-07, Class A Notes and Discontinues Rating on Series 2018-20, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans Germany Master, Series 2020-08, Class A Notes and Discontinues Rating on Series 2018-21, Class A Notes
- DBRS Morningstar Assigns Rating to Cars Alliance Auto Loans Germany Master, Series 2020-09, Class A Notes and Discontinues Rating on Series 2018-22, Class A Notes
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans France Master, Series 2020-07, Class A Notes and Discontinues Rating on Series 2019-15, Class A Notes
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans France Master, Series 2020-05, Class A Notes and Discontinues Rating on Series 2019-13, Class A Notes
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans France Master, Series 2020-06, Class A Notes and Discontinues Rating on Series 2019-14, Class A Notes
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans France Master, Series 2020-09, Class A Notes and Discontinues Rating on Series 2020-04, Class A Notes
- DBRS Morningstar Publishes Insured Obligations Appendix to Rating European Structured Finance Transactions Methodology, and New Appendices for Operational Risk Methodologies
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans Germany Master, Series 2018-25 and Series 2018-26, Class A Notes and Discontinues Rating on Series 2018-16, Class A Notes
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans France Master, Series 2020-04, and Series 2020-04a, Class A Notes and Discontinues Rating on Series 2019-12, Class A Notes
Contacts
Mark Wilder
Senior Vice President, Lead - European Structured Finance Ratings, Operational Risk
+(44) 20 7855 6638
[email protected]- Anna Christy
Vice President - European Structured Finance Ratings, Operational Risk
+(44) 20 3356 1568
[email protected] - Simon Murphy
Vice President, Credit Ratings Operational Risk - European Operational Risk
+44 20 7855 6676
[email protected] - Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
[email protected]
More from Morningstar DBRS
Related Events
- 21November2024Casa de América, Palacio de Linares, Plaza de Cibeles, s/n, Salamanca, 28014 Madrid2025 Credit Outlook Madrid
- 29November2024
- 29November2024