ESG Factors in RMBS, Part One: Environmental Factors

This is the first in a series of commentaries that will discuss the environmental, social, and governance (ESG) factors that could affect credit analysis that the DBRS Morningstar residential mortgage-backed security (RMBS) groups conduct. In this commentary, DBRS Morningstar will discuss two environmental factors that it considers in its ratings analysis. Subsequent commentaries will cover social and governance factors.