Press Release

DBRS Morningstar Publishes Updated Master European Structured Finance Surveillance Methodology

February 08, 2022

DBRS Morningstar published an updated version of its “Master European Structured Finance Surveillance Methodology” (the Methodology).

DBRS Morningstar has conducted a periodic review of its the Methodology. This update supersedes the previous version published on 8 February 2021 and is effective as of 8 February 2022. DBRS Morningstar deems the update not to be material and has determined that no ratings are expected to change as a result of this update.

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:

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:

DBRS Morningstar methodologies are publicly available on its website under Methodologies & Criteria.

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