DBRS Morningstar Releases Commentary on Three Environmental Factors in Its Ratings Analysis

DBRS, Inc. (DBRS Morningstar) released a commentary titled “ESG Factors in CMBS,” the first in a series of commentaries that will discuss the environmental, social, and governance factors that could affect credit ratings that the DBRS Morningstar North American commercial mortgage-backed security (CMBS) group assigns.

With regard to North American CMBS, DBRS Morningstar deemed the following three environmental factors to be relevant in evaluating structured commercial real estate securities: environmental emissions, effluents, and waste; carbon and greenhouse gas costs; and climate and weather factors. Subsequent commentaries will cover social and governance factors.

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The commentary is available at www.dbrsmorningstar.com.

For more information on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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