Methodology
Operational Risk Assessment for European Structured Finance Originators (Archived)
ABCP, Auto, RMBSAvailable Documents
Related Documents
Press Release:
- Morningstar DBRS Confirms Credit Rating on FCT Lafayette 2021
- DBRS Morningstar Discontinues Credit Rating on Quarzo CQS 2018
- DBRS Morningstar Confirms Credit Rating on FCT Pulse France 2022
- DBRS Morningstar Upgrades Credit Ratings on ARTS Consumer S.r.l.
- DBRS Morningstar Confirms Credit Ratings on BFS Funding I Limited
- DBRS Morningstar Discontinues Credit Rating on Impresa TWO S.r.l.
- DBRS Morningstar Discontinues Credit Ratings on Aurorus 2020 B.V.
- Morningstar DBRS Confirms Credit Ratings on Ginkgo Auto Loans 2022
- DBRS Morningstar Assigns Credit Ratings to ARTS Consumer 2023 S.r.l.
- DBRS Morningstar Upgrades Credit Ratings on Asti Group RMBS III S.r.l.
- Morningstar DBRS Confirms Credit Rating on Wilmington Cards 2021-1 Plc
- DBRS Morningstar Assigns Credit Rating to Quarzo S.r.l. - Series 2023-2
- DBRS Morningstar Assigns Provisional Credit Ratings to Bowbell No.3 PLC
- Morningstar DBRS Confirms Credit Rating on FCT Cars Alliance DFP France
- DBRS Morningstar Upgrades Credit Rating on Private Driver España 2020-1
- DBRS Morningstar Assigns Provisional Credit Ratings to Castell 2023-2 PLC
- DBRS Morningstar Finalises Provisional Credit Ratings on Bowbell No.3 PLC
- DBRS Morningstar Assigns Provisional Credit Ratings to Gemgarto 2023-1 PLC
- DBRS Morningstar Confirms Credit Rating on Alhambra SME Funding 2019-1 DAC
- DBRS Morningstar Confirms Credit Ratings on Cars Alliance DFP Germany 2017
- Morningstar DBRS Confirms Credit Ratings on First Swiss Mobility 2023-1 AG
- Morningstar DBRS Takes Credit Rating Actions on Three Sunrise Transactions
- DBRS Morningstar Confirms Credit Rating on Red & Black Consumer France 2013
- DBRS Morningstar Finalises Provisional Credit Ratings on Castell 2023-2 PLC
- DBRS Morningstar Assigns Provisional Credit Ratings to FCT CA LEASING 2023-1
- DBRS Morningstar Upgrades and Confirms Credit Ratings on Gemgarto 2021-1 Plc
- Morningstar DBRS Confirms Credit Ratings on Pepper Iberia Unsecured 2022 DAC
- DBRS Morningstar Finalises Provisional Credit Ratings on BBVA Leasing 3, F.T.
- Morningstar DBRS Assigns Credit Rating to Boursorama Master Home Loans France
- DBRS Morningstar Assigns Provisional Credit Ratings to CaixaBank PYMES 13, FT
- DBRS Morningstar Finalises Provisional Credit Rating on Bumper NL 2023-1 B.V.
- DBRS Morningstar Finalises Provisional Credit Ratings on FCT CA LEASING 2023-1
- DBRS Morningstar Confirms Rating on SWK Consumer 2021-1, Fondo de Titulización
- DBRS Morningstar Finalises Provisional Credit Rating on Auto lease-now 2023-2 AG
- DBRS Morningstar Finalises Provisional Credit Ratings on CaixaBank PYMES 13, FT
- DBRS Morningstar Finalises Provisional Credit Ratings on Performer Funding 1 PLC
- Morningstar DBRS Assigns Provisional Credit Ratings to Elstree Funding No. 4 PLC
- Morningstar DBRS Discontinues Credit Rating on FCT Crédit Agricole Habitat 2019
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Two Quarzo Transactions
- DBRS Morningstar Assigns Provisional Credit Ratings to Elvet Mortgages 2023-1 PLC
- DBRS Morningstar Finalises Provisional Credit Ratings on AutoNoria Spain 2023, FT
- DBRS Morningstar Upgrades and Confirms Credit Ratings on Canterbury Finance 4 PLC
- DBRS Morningstar Assigns Provisional Credit Ratings to Auto ABS French Leases 2023
- DBRS Morningstar Confirms Credit Rating on Essence VIII B.V. Following Restructure
- Morningstar DBRS Assigns Provisional Credit Ratings to Dilosk RMBS No. 8 (STS) DAC
- DBRS Morningstar Assigns Provisional Credit Ratings to Stresa Securitisation S.r.l.
- Morningstar DBRS Finalises Provisional Credit Ratings on Elstree Funding No. 4 PLC
- DBRS Morningstar Confirms Credit Rating on BPCE Demeter Tria FCT Following Amendment
- DBRS Morningstar Finalises Provisional Credit Ratings on Auto ABS French Leases 2023
- Morningstar DBRS Confirms Credit Rating on Rosenkavalier 2015 UG Following Amendment
- Morningstar DBRS Finalises Provisional Credit Ratings on Dilosk RMBS No. 8 (STS) DAC
- DBRS Morningstar Discontinues Credit Ratings on NewDay Partnership Funding 2020-1 plc
- DBRS Morningstar Finalises Provisional Credit Ratings to Stresa Securitisation S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Cars Alliance Auto Loans Germany V 2023-1
- Morningstar DBRS Assigns Credit Ratings to Luna Securities Designated Activity Company
- DBRS Morningstar Finalises Provisional Credit Ratings on Finance Ireland RMBS No. 6 DAC
- DBRS Morningstar Takes Credit Rating Actions on Cars Alliance Auto Leases France Master
- DBRS Morningstar Upgrades Credit Rating on FCT Bpifrance SME 2019-1 Following Amendment
- Morningstar DBRS Takes Credit Rating Actions on Cars Alliance Auto Loans Germany Master
- DBRS Morningstar Finalises Provisional Ratings on Sunrise SPV 50 S.r.l. - Sunrise 2023-2
- Morningstar DBRS Confirms Credit Rating on Florence SPV S.r.l. (2020) Following Amendment
- DBRS Morningstar Upgrades Credit Ratings on Giada Sec. S.r.l. and Giada Sec. S.r.l. (2022)
- Morningstar DBRS Confirms Credit Ratings on Latitude Australia Credit Card Loan Note Trust
- Morningstar DBRS Assigns Provisional Credit Ratings to Sunrise SPV 95 S.r.l. - Sunrise 2024-1
- DBRS Morningstar Assigns Credit Ratings to Golden Bar (Securitisation) S.r.l. - Series 2023-2
- DBRS Morningstar Finalises Provisional Credit Rating on Marzio Finance S.r.l. - Series 12-2023
- DBRS Morningstar Upgrades and Confirms Credit Ratings on KMU Portfolio S.A., Compartment 2015-1
- DBRS Morningstar Upgrades Credit Rating on Asti Group PMI S.r.l. Following Transaction Amendment
- DBRS Morningstar Finalises Provisional Credit Ratings on Santander Consumer Spain Auto 2023-1 FT
- DBRS Morningstar Takes Rating Actions on NewDay Funding Master Issuer and NewDay Loan Note Issuer
- Morningstar DBRS Confirms AAA Credit Ratings of Banco Bilbao Vizcaya Argentaria S.A. Covered Bonds
- DBRS Morningstar Takes Credit Rating Actions on Colt SPV S.r.l. Following Transaction Restructuring
- DBRS Morningstar Assigns Credit Ratings to Sabadell Consumer Finance Autos 1, Fondo de Titulización
- DBRS Morningstar Assigns Provisional Credit Ratings to Auto ABS Italian Stella Loans 2023-1 S.r.l.
- DBRS Morningstar Confirms Credit Ratings on Outstanding Series Issued by VCL Master Netherlands B.V.
- DBRS Morningstar Finalises Provisional Credit Ratings on Auto ABS Italian Stella Loans 2023-1 S.r.l.
- DBRS Morningstar Finalises its Provisional Credit Ratings on RevoCar 2023-2 UG (haftungsbeschränkt)
- DBRS Morningstar Confirms Credit Ratings on VCL Master S.A., acting with respect to its Compartment 1
- DBRS Morningstar Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Confirms Credit Ratings on Retail Automotive CP Germany 2021 UG (Haftungsbeschränkt)
- Morningstar DBRS Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- Morningstar DBRS Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- Morningstar DBRS Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- Morningstar DBRS Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- Morningstar DBRS Assigns AAA Credit Rating to CAFFIL Public Sector Obligations Foncières New Issuance
- DBRS Morningstar Assigns Provisional Credit Ratings to NewDay Funding Master Issuer plc, Series 2023-1
- DBRS Morningstar Assigns Provisional Credit Ratings to Towd Point Mortgage Funding 2023 - Vantage 3 plc
- Morningstar DBRS Assigns Provisional Credit Ratings to NewDay Funding Master Issuer plc, Series 2024-1
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Three Dutch Property Finance B.V. Transactions
- DBRS Morningstar Confirms Credit Ratings on SOL LION II RMBS, Fondo de Titulización Following Amendment
- DBRS Morningstar Finalises Provisional Credit Ratings on Red & Black Auto Italy S.r.l. – Compartment 2
- Morningstar DBRS Assigns AAA Credit Ratings to CAFFIL Public Sector Obligations Foncières New Issuances
- Morningstar DBRS Assigns AAA Credit Ratings to CAFFIL Public Sector Obligations Foncières New Issuances
- Morningstar DBRS Confirms Credit Ratings on Charles Street Conduit Asset Backed Securitisation 2 Limited
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Two Auto ABS Italian Rainbow Loans Transactions
- DBRS Morningstar Finalised Provisional Credit Ratings on NewDay Funding Master Issuer plc, Series 2023-1
- Morningstar DBRS Assigns Provisional Credit Ratings to Together Asset Backed Securitisation 2024-2ND1 PLC
- Morningstar DBRS Confirms Credit Rating on Cars Alliance Auto Loans Italy 2015 S.r.l. Following Amendment
- DBRS Morningstar Assigns Provisional Credit Ratings to Together Asset Backed Securitisation 2023-CRE-1 plc
- DBRS Morningstar Confirms Credit Rating on Wendelstein 2017-1 UG (haftungsbeschränkt) Following Amendment
- DBRS Morningstar Confirms Credit Ratings on Securitisation of Catalogue Assets Limited Following Amendment
- Morningstar DBRS Finalises Provisional Credit Ratings on Together Asset Backed Securitisation 2024-2ND1 PLC
- Morningstar DBRS Places All Classes of River Green Finance 2020 DAC Under Review with Negative Implications
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Golden Bar (Securitisation) S.r.l. - Series 2023-2
- DBRS Morningstar Finalises Provisional Credit Ratings on Together Asset Backed Securitisation 2023-CRE-1 plc
- DBRS Morningstar Finalises Its Provisional Credit Ratings on Towd Point Mortgage Funding 2023 - Vantage 3 plc
- Morningstar DBRS Confirms Credit Ratings on the Notes Issued by Two FCT Crédit Agricole Habitat Transactions
- Morningstar DBRS Confirms AAA Credit Ratings on Sparkasse zu Lübeck AG Covered Bonds (Pfandbriefe - Mortgages)
- DBRS Morningstar Assigns Provisional Credit Rating to Silver Arrow S.A., acting in respect of its Compartment 16
- DBRS Morningstar Confirms AA (low) Ratings on Banca Nazionale del Lavoro S.p.A. Covered Bonds (OBG - Mortgages)
- DBRS Morningstar Finalises Provisional Credit Rating on Silver Arrow S.A., acting in respect of its Compartment 16
- Morningstar DBRS Assigns Provisional Credit Ratings to Fortuna Consumer Loan ABS 2024-1 Designated Activity Company
- Morningstar DBRS Finalises Provisional Credit Ratings on Fortuna Consumer Loan ABS 2024-1 Designated Activity Company
- DBRS Morningstar Discontinues Ratings on Novo Banco S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT)
- Morningstar DBRS Assigns AA Credit Rating to Banco BPI S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 26
- DBRS Morningstar Takes Credit Rating Actions on VCL Master Residual Value S.A., acting with respect to its Compartment 2
- DBRS Morningstar Assigns Provisional Credit Ratings to abc SME Lease Germany S.A., acting in respect of its Compartment 9
- DBRS Morningstar Finalises Provisional Credit Ratings on Class A to C Notes of Stark Financing 2023-1 DAC with Stable Trends
- Morningstar DBRS Downgrades Credit Ratings on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1) to AA (low)
- DBRS Morningstar Assigns AA Credit Rating to Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 31
- DBRS Morningstar Assigns AA Credit Rating to Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 32
- DBRS Morningstar Assigns AA Credit Rating to Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 33
- Morningstar DBRS Assigns AA Credit Rating to Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 34
- Morningstar DBRS Assigns AA Credit Rating to Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 35
- Morningstar DBRS Assigns AA Credit Rating to Santander Totta S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 36
- DBRS Morningstar Finalises Provisional Ratings on Tagus – Sociedade de Titularização de Créditos, S.A. (Vasco Finance No. 1)
- DBRS Morningstar Assigns Provisional Credit Rating to Bavarian Sky S.A., acting in respect of its Compartment German Auto Leases 8
- DBRS Morningstar Assigns Provisional Credit Ratings to SC Germany S.A., acting for and on behalf of its Compartment Leasing 2023-1
- DBRS Morningstar Confirms “A” Credit Rating on Banco Comercial Português S.A. Covered Bonds (Obrigacoes Cobertas - Mortgages)
- Morningstar DBRS Assigns Provisional Credit Rating to Bavarian Sky S.A., acting in respect of its Compartment German Auto Loans 13
- DBRS Morningstar Finalises Provisional Credit Rating on Bavarian Sky S.A., acting in respect of its Compartment German Auto Leases 8
- DBRS Morningstar Finalises Provisional Credit Ratings on SC Germany S.A., acting for and on behalf of its Compartment Leasing 2023-1
- Morningstar DBRS Confirms “A” Credit Ratings on Banco Comercial Português S.A. Covered Bonds (Obrigações Cobertas - Mortgages)
- DBRS Morningstar Confirms AA (high) Credit Ratings on Caixa Geral De Depósitos S.A. Covered Bonds (Obrigações Cobertas - Mortgages)
- DBRS Morningstar Publishes Updated Operational Risk Assessment Methodologies for European Structured Finance Originators and Servicers
- DBRS Morningstar Finalises Provisional Credit Ratings on VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 40
- DBRS Morningstar Assigns AA (high) Credit Rating to Caixa Geral De Depósitos S.A. Covered Bonds (Obrigações Cobertas - Mortgages) Series 19
- DBRS Morningstar Confirms Credit Ratings on Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgages – Programme 2) at AA (low)
- Morningstar DBRS Confirms Credit Ratings on Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgages – Programme 2) at AA (low)
- Morningstar DBRS Confirms Credit Ratings on Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgages – Programme 2) at AA (low)
- DBRS Morningstar Places Credit Ratings on Banca Carige S.p.A. Covered Bonds (OBG - Mortgages - Programme 1) Under Review With Negative Implications
- Morningstar DBRS Confirms Credit Rating on Bumper DE S.A., acting on behalf and for the account of its Compartment 2023-1 and its Compartment 2023-2
- DBRS Morningstar Finalises Provisional Credit Ratings on Driver UK Multi-Compartment S.A. acting for and on behalf of its Compartment Driver UK seven
- DBRS Morningstar Assigns AA (low) Credit Rating to Banca Monte dei Paschi di Siena S.p.A. Covered Bonds (OBG – Mortgages – Programme 2) Series 47
- Morningstar DBRS Confirms Credit Ratings on Fortuna Consumer Loan ABS 2023-1 Designated Activity Company and Discontinues Credit Rating on Class F Notes
- Morningstar DBRS Discontinues Credit Ratings on BL Consumer Issuance Platform II S. à r.l., acting in respect of its Compartment BL Consumer Credit 2021
- Morningstar DBRS Assigns Provisional Credit Ratings to BL Consumer Issuance Platform II S.à r.l., acting in respect of its Compartment BL Consumer Credit 2024
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2023-38 Notes and Discontinues Credit Rating on Class A 2023-33 Notes
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2023-42 Notes and Discontinues Credit Rating on Class A 2023-35 Notes
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2023-43 Notes and Discontinues Credit Rating on Class A 2023-40 Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2024-44 Notes and Discontinues Credit Rating on Class A 2023-37 Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2024-45 Notes and Discontinues Credit Rating on Class A 2023-41 Notes
- DBRS Morningstar Upgrades Credit Ratings on EUR 10,000,000,000 Piraeus Bank SA Global Covered Bonds Programme (GCB - Mortgages - CPT) to BBB (high) from BBB (low)
- Morningstar DBRS Places Credit Ratings on 10 European Structured Finance Transactions Under Review with Positive Implications Following Release of Updated ABS Methodology
- DBRS Morningstar Confirms AA Credit Ratings on Deutsche Bank A.G. Conditional Pass-Through Structured Covered Bonds (Structured - Mortgages) Guaranteed by SCB Alpspitze UG
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2023-10, Class A Notes and Discontinues Credit Rating on Series 2023-06, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2024-01, Class A Notes and Discontinues Credit Rating on Series 2023-09, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2024-02, Class A Notes and Discontinues Credit Rating on Series 2023-10, Class A Notes
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2023-10, Class A Notes and Discontinues Credit Rating on Series 2023-06, Class A Notes
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2023-11, Class A Notes and Discontinues Credit Rating on Series 2023-07, Class A Notes
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2023-12, Class A Notes and Discontinues Credit Rating on Series 2023-08, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2024-01, Class A Notes and Discontinues Credit Rating on Series 2023-09, Class A Notes
- DBRS Morningstar Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2023-12, Class A Notes and Discontinues Credit Rating on Series 2023-11 b, Class A Notes
- Morningstar DBRS Takes Credit Rating Actions on NewDay Partnership Master Issuer plc and NewDay Partnership Loan Note Issuer, Removes Under Review with Negative Implications Status
- DBRS Morningstar Assigns Ratings to Cars Alliance Auto Loans France Master, Series 2023-11 a and Series 2023-11 b and Discontinues Rating on Series 2023-07 and Series 2023-08, Class A Notes
Contacts
Mark Wilder
Senior Vice President, Lead - European Structured Finance Ratings, Operational Risk
+(44) 20 7855 6638
[email protected]- Anna Christy
Vice President - European Structured Finance Ratings, Operational Risk
+(44) 20 3356 1568
[email protected] - Simon Murphy
Vice President, Credit Ratings Operational Risk - European Operational Risk
+44 20 7855 6676
[email protected] - Christian Aufsatz
Managing Director - European Structured Finance Ratings
+(44) 20 7855 6664
[email protected]
More from Morningstar DBRS
Related Events
- 7November2024Saint James's Club of Montreal, 1145 Union Ave, Montreal, QC2025 Credit Outlook Montreal
- 8November2024LuxembourgSovereign Rating Announcement
- 8November2024