DBRS Morningstar Publishes Updated Operational Risk Assessment for U.S. ABS Originators and Operational Risk Assessment for U.S. ABS Servicers

DBRS Morningstar published two updated asset-backed securities (ABS) methodologies as follows:

-- Operational Risk Assessment for U.S. ABS Originators; and
-- Operational Risk Assessment for U.S. ABS Servicers.

These methodology updates were published as a result of DBRS Morningstar’s periodic review. The updates supersede the previous versions published on November 8, 2022, and February 6, 2023, respectively, and are effective as of April 5, 2023. 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:
DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

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.

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