DBRS Morningstar Publishes Final Master Canadian Structured Finance Surveillance Methodology

DBRS Morningstar finalized its Master Canadian Structured Finance Surveillance Methodology (the Methodology), following a request for comment period on a proposed new section for residential rental equipment contract receivables.

This Methodology presents the criteria for which Canadian asset-backed securities and asset-backed commercial paper ratings are monitored. The new section presents the criteria for monitoring ratings of Canadian securitization transactions where the underlying assets consist of residential rental equipment contract receivables.

The Methodology supersedes the prior version published on June 28, 2019, and is effective as of August 31, 2020.

All comments received during the request for comment period are published to the DBRS Morningstar website, except in cases where confidentiality is requested by the respondent. DBRS Morningstar received no comments on the Methodology during the request for comment period; therefore, there are no changes to the Methodology that was published on June 30, 2020.

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

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

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