DBRS Morningstar Publishes Five Updated Methodologies for Canadian Structured Finance

DBRS Morningstar published five updated Canadian structured finance methodologies as follows:

-- Rating Canadian Auto Retail Loan and Lease Securitizations (October 27, 2021);
-- Rating Canadian Auto Fleet Lease Transactions (October 27, 2021);
-- Rating Canadian Rental Car Fleet Securitizations (October 27, 2021);
-- Rating Canadian Equipment Finance Securitization Transactions (October 27, 2021); and
-- Rating Canadian Wholesale Securitizations (October 27, 2021).

The updates supersede the following previous versions:

-- Rating Canadian Auto Retail Loan and Lease Securitizations (October 26, 2020);
-- Rating Canadian Auto Fleet Lease Transactions (October 26, 2020);
-- Rating Canadian Rental Car Fleet Securitizations (October 26, 2020);
-- Rating Canadian Equipment Finance Securitization Transactions (October 26, 2020); and
-- Rating Canadian Wholesale Securitizations (October 26, 2020).

The updates are effective as of October 27, 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:
DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482/baseline-macroeconomic-scenarios-application-to-credit-ratings.

For more information on this methodology or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].