DBRS Morningstar Publishes Final Methodology on Rating European Social and Affordable Housing Providers (SAHPs)
Other Government Related EntitiesDBRS Morningstar finalized its methodology for “Rating European Social and Affordable Housing Providers (SAHPs)” (the Methodology).
The Methodology presents the criteria for which SAHPs ratings are assigned and/or monitored for SAHPs located in the European Union (EU), EU candidates, European Free Trade Association (EFTA) member states, as well as the United Kingdom of Great Britain and Northern Ireland (UK).
The criteria details how DBRS Morningstar assesses a SAHP’s creditworthiness based upon three fundamental criteria: (1) the strength of institutional and government support from which the SAHP benefits; (2) its supporting government rating; and (3) the SAHP's intrinsic assessment. DBRS Morningstar’s approach to rating European SAHPs incorporates a combination of both quantitative and qualitative factors.
This is a new methodology. DBRS Morningstar has determined that no ratings are expected to change as a result of the publication of the Methodology.
All comments received during the request for comment period have been published to the DBRS Morningstar website, except in cases where confidentiality is requested by the respondent.
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DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.
For more information on this methodology or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com