DBRS Morningstar Publishes Updated French Addendum to Master European RMBS Rating Methodology

DBRS Morningstar published an updated addendum to the “Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda” (the Methodology) as follows:

-- Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda, French Addendum.

DBRS Morningstar has conducted a periodic review of the French Addendum. This update supersedes the previous version published on 5 July 2023 and is effective as of 13 September 2023. DBRS Morningstar deems the update not to be material and has determined that no credit 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/416784/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].