DBRS Morningstar Publishes Updated Methodologies for Rating CLOs and CDOs of Large Corporate Credit and Cash Flow Assumptions for Corporate Credit Securitizations

DBRS Morningstar has conducted a periodic review of two Structured Finance methodologies as follows:

-- “Rating CLOs and CDOs of Large Corporate Credit” (February 8, 2021) and
-- “Cash Flow Assumptions for Corporate Credit Securitizations” (February 8, 2021).

No material changes to the methodologies were made. Accordingly, no ratings are expected to change as a result of these updates.

The updates supersede the following previous versions and are effective as of February 8, 2021:

-- “Rating CLOs and CDOs of Large Corporate Credit” (July 21, 2020) and
-- “Cash Flow Assumptions for Corporate Credit Securitizations” (July 21, 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 these methodologies or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].