Press Release

DBRS Morningstar Publishes Updated Master European RMBS Rating Methodology and Portuguese Addendum

July 08, 2022

DBRS Morningstar published an updated version of its “Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda” (the Methodology), with both the Methodology and its Portuguese addendum updated.

DBRS Morningstar has conducted a periodic review of the Methodology and also its Portuguese Addendum. This update supersedes the previous version published on 29 November 2021 and is effective as of 8 July 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