DBRS Morningstar Publishes Updated Methodology for North American Commercial Real Estate Property Analysis Criteria

DBRS Morningstar published an updated version of its North American Commercial Real Estate Property Analysis Criteria (the Criteria).

DBRS Morningstar has conducted a periodic review of the North American Commercial Real Estate Property Analysis Criteria . This update supersedes the previous version published on September 20, 2019, and is effective as of September 18, 2020. 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.

DBRS Morningstar made non-material changes to the Criteria limited to clarifying how credit is applied for up-front reserves and how cash flow sweeps are treated when there is investment-grade tenancy.

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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 regarding the structured finance rating approach and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/359905.

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