Press Release

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

Structured Credit
February 08, 2021

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].