DBRS Morningstar Publishes Updated Operational Risk Assessment Methodologies for European Structured Finance Originators and Servicers

DBRS Morningstar published two updated European structured finance methodologies as follows:

-- Operational Risk Assessment for European Structured Finance Originators (15 September 2022); and
-- Operational Risk Assessment for European Structured Finance Servicers (15 September 2022).

The updates supersede the following previous versions:

-- Operational Risk Assessment for European Structured Finance Originators (16 September 2021); and
-- Operational Risk Assessment for European Structured Finance Servicers (16 September 2021).

The updates are effective as of 15 September 2022. 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:
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/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings.

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].