DBRS Morningstar Publishes Updated European Structured Finance Rating Methodology and Appendices

DBRS Morningstar published an updated version of its “Rating European Structured Finance Transactions Methodology” (the Methodology), including the following appendices:

-- Appendix 1: European Reverse Mortgages and
-- Appendix 2: Obligations Backed by Insurance Policy (Financial Guarantee).

DBRS Morningstar has conducted a periodic review of the Methodology and the appendices. These updates supersede the previous versions published on 21 July 2020 and are effective as of 30 July 2021. DBRS Morningstar deems the updates not to be material and has determined that no ratings are expected to change as a result of these updates.

Notes:
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

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.

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 [email protected].