DBRS Morningstar Publishes Updated Rating and Monitoring Covered Bonds Global Methodology and Market Value Spreads Addendum

DBRS Morningstar published updated versions of its “Rating and Monitoring Covered Bonds” methodology and “Rating and Monitoring Covered Bonds Addendum: Market Value Spreads”.

DBRS Morningstar has conducted a periodic review of the methodology and addendum.

This update supersedes the previous versions published on 10 June 2021 and is effective as of 22 April 2022. No material changes to the methodology or the addendum were made. Accordingly, no ratings are expected to change as a result of this update.

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.

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.

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].