Methodology
Master European Structured Finance Surveillance Methodology (Archived)
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Press Release:
- Morningstar DBRS Confirms Credit Ratings on Noria 2023
- Morningstar DBRS Confirms Credit Ratings on CFHL-2 2015
- Morningstar DBRS Confirms Credit Rating on Essence VI B.V.
- Morningstar DBRS Confirms Credit Rating on Emilia SPV S.r.l.
- Morningstar DBRS Confirms Credit Rating on Ortles 21 S.r.l.
- Morningstar DBRS Confirms Credit Ratings on RevoCar 2021-1 UG
- Morningstar DBRS Downgrades Credit Ratings on 2Worlds S.r.l.
- Morningstar DBRS Discontinues Credit Rating on BBVA RMBS 17 FT
- Morningstar DBRS Discontinues Credit Rating on BBVA RMBS 19 FT
- Morningstar DBRS Discontinues Credit Ratings on Autonoria 2019
- Morningstar DBRS Discontinues Credit Ratings on E-CARAT 12 Plc
- Morningstar DBRS Upgrades Credit Ratings on Fucino RMBS S.r.l.
- Morningstar DBRS Confirms Credit Rating on Temese Funding 2 plc
- Morningstar DBRS Confirms Credit Ratings on IM BCC Cajamar 2 FT
- Morningstar DBRS Discontinues Credit Rating on Brera SEC S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Jubilee Place 4 B.V.
- Morningstar DBRS Confirms Credit Ratings on POP NPLs 2019 S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Sabadell Consumo 2 FT
- Morningstar DBRS Discontinues Credit Rating on Alba 10 SPV S.r.l.
- Morningstar DBRS Discontinues Credit Rating on Futura 2019 S.r.l.
- Morningstar DBRS Confirms Credit Rating on Bastion 2020-1 NHG B.V.
- Morningstar DBRS Confirms Credit Ratings on London Cards No. 1 plc
- Morningstar DBRS Confirms Credit Rating on Auto lease-now 2023-1 AG
- Morningstar DBRS Discontinues Credit Ratings on Marathon SPV S.r.l.
- Morningstar DBRS Downgrades Credit Ratings on BCC NPLs 2019 S.r.l.
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Noria 2021
- Morningstar DBRS Confirms Credit Rating on Credico Finance 16 S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Aragorn NPL 2018 S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Caixabank Consumo 6 F.T.
- Morningstar DBRS Confirms Credit Ratings on Canterbury Finance 5 PLC
- Morningstar DBRS Confirms Credit Ratings on Clavel Residential 3 DAC
- Morningstar DBRS Upgrades Credit Ratings on Caixabank Consumo 5 F.T.
- Morningstar DBRS Confirms Credit Rating on Secucor Finance 2021-1 DAC
- Morningstar DBRS Confirms Credit Ratings on Asti Group RMBS II S.r.l.
- Morningstar DBRS Discontinues Credit Ratings on Auto ABS UK Loans plc
- Morningstar DBRS Discontinues Credit Ratings on AutoFlorence 1 S.r.l.
- Morningstar DBRS Discontinues Credit Ratings on Durham Mortgages A plc
- Morningstar DBRS Upgrades Credit Rating on Valsabbina SME 3 SPV S.r.l.
- Morningstar DBRS Finalises Rating Solar ABS Transactions Methodology
- Morningstar DBRS Confirms Credit Rating on BPCE Consumer Loans FCT 2022
- Morningstar DBRS Confirms Credit Rating on FCT Cars Alliance DFP France
- Morningstar DBRS Confirms Credit Ratings on Dilosk RMBS No. 6 (STS) DAC
- Morningstar DBRS Discontinues Credit Ratings on Brignole CO 2021 S.r.l.
- Morningstar DBRS Upgrades Credit Rating on BPL Mortgages S.r.l. (BPL8)
- Morningstar DBRS Upgrades Credit Ratings on Quarzo S.r.l. - Series 2023
- Morningstar DBRS Confirms Credit Ratings on Centro delle Alpi SME S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Two Green Apple Transactions
- Morningstar DBRS Confirms Credit Ratings on aZul Master Credit Cards DAC
- Morningstar DBRS Upgrades Credit Ratings on BBVA Consumer Auto 2018-1 FT
- Morningstar DBRS Upgrades and Confirms Credit Ratings on BBVA RMBS 21 FT
- Morningstar DBRS Confirms Credit Ratings on Burlington Mortgages No.2 DAC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Bumper FR 2022-1
- Morningstar DBRS Takes Credit Rating Actions on Fastnet Securities 18 DAC
- Morningstar DBRS Confirms Credit Ratings on Finance Ireland RMBS No. 3 DAC
- Morningstar DBRS Confirms Credit Ratings on Popolare Bari NPLS 2016 S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Popolare Bari NPLS 2017 S.r.l.
- Morningstar DBRS Confirms Credit Ratings on Red & Black Auto Lease France 2
- Morningstar DBRS Discontinues Credit Rating on Bumper UK 2021-1 Finance plc
- Morningstar DBRS Discontinues Credit Ratings on Mulcair Securities No.2 DAC
- Morningstar DBRS Upgrades Credit Ratings on Quinto Sistema Sec. 2017 S.r.l.
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Castell 2023-1 PLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Hermitage 2023 plc
- Morningstar DBRS Discontinues Credit Ratings on Quarzo S.r.l. - Series 2019
- Morningstar DBRS Confirms Credit Rating on Silver Arrow Athlon NL 2021-1 B.V.
- Morningstar DBRS Discontinues Credit Rating on Lanterna Finance S.r.l. (2021)
- Morningstar DBRS Discontinues Credit Ratings on Finance Ireland RMBS No. 3 DAC
- Morningstar DBRS Discontinues Credit Ratings on Roundstone Securities No.1 DAC
- Morningstar DBRS Takes Credit Rating Actions on Retiro Mortgage Securities DAC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Dilosk RMBS No. 7 DAC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on FT PYMES Santander 15
- Morningstar DBRS Confirms Credit Rating on Multi Lease AS S.r.l. (Multilease 4)
- Morningstar DBRS Confirms Credit Ratings on Prinsen Mortgage Finance No. 1 B.V.
- Morningstar DBRS Discontinues Credit Ratings on Tower Bridge Funding 2021-1 plc
- Morningstar DBRS Confirms Credit Rating on Alstertal Consumer Funding 2021-1 DAC
- Morningstar DBRS Confirms Credit Rating on Weser Funding S.A., Compartment No. 6
- Morningstar DBRS Upgrades Credit Ratings on Notes Issued by IM BCC Capital 1, FT
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Azure Finance No.3 plc
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Brignole CQ 2022 S.r.l.
- Morningstar DBRS Confirms Credit Rating on Auto ABS Italian Balloon 2019-1 S.r.l.
- Morningstar DBRS Confirms Credit Rating on Essence VII B.V. Following Restructure
- Morningstar DBRS Confirms Credit Rating on FCT Pyramides 2022 Following Amendment
- Morningstar DBRS Upgrades and Confirms Credit Ratings on IM BCC Cajamar PYME 3 FT
- Morningstar DBRS Discontinues Credit Ratings on Dutch Property Finance 2019-1 B.V.
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Ginkgo Sales Finance 2022
- Morningstar DBRS Confirms Credit Rating on HT ABANCA RMBS I, Fondo de Titulización
- Morningstar DBRS Confirms Credit Ratings on Sunrise SPV Z90 S.r.l. - Sunrise 2020-1
- Morningstar DBRS Discontinues Credit Rating on Sagres STC (Pelican Mortgages No. 4)
- Morningstar DBRS Discontinues Credit Ratings on BBVA RMBS 5 FTA and BBVA RMBS 9 FTA
- Morningstar DBRS Downgrades Credit Rating on Maggese S.r.l., Removes Negative Trend
- Morningstar DBRS Confirms Credit Ratings on RevoCar 2023-1 UG (haftungsbeschränkt)
- Morningstar DBRS Discontinues Credit Rating on Auto ABS Italian Rainbow Loans S.r.l.
- Morningstar DBRS Discontinues Credit Rating on Marzio Finance S.r.l. - Series 7-2019
- Morningstar DBRS Discontinues Credit Rating on Weser Funding S.A., Compartment No. 3
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Auto ABS French Leases 2021
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Five BBVA RMBS Transactions
- Morningstar DBRS Discontinues Credit Ratings on RevoCar 2019 UG (haftungsbeschränkt)
- Morningstar DBRS Upgrades and Confirms Credit Ratings on BBVA Consumer Auto 2020-1 FT
- Morningstar DBRS Confirms Credit Rating on Rocky 2021-1 SPV S.r.l. Following Amendment
- Morningstar DBRS Discontinues Credit Rating on Sunrise SPV Z70 S.r.l. - Sunrise 2019-1
- Morningstar DBRS Downgrades Credit Rating on ISEO SPV S.r.l., Maintains Negative Trend
- Morningstar DBRS Takes Credit Rating Actions on Cars Alliance Auto Loans France Master
- Morningstar DBRS Upgrades Credit Rating on Organa SPV S.r.l., Maintains Positive Trend
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Burlington Mortgages No.1 DAC
- Morningstar DBRS Confirms Credit Rating on Crediper Consumer S.r.l. Following Amendment
- Morningstar DBRS Confirms Credit Rating on Palatino SPV S.r.l., Maintains Stable Trend
- Morningstar DBRS Confirms Credit Ratings on FT RMBS Santander 6 and FT RMBS Santander 7
- Morningstar DBRS Takes Credit Rating Actions on Cars Alliance Auto Loans Germany Master
- Morningstar DBRS Takes Credit Rating Actions on Two Red & Black Auto Italy Transactions
- Morningstar DBRS Confirms Credit Rating on Rural Hipotecario XIX, Fondo de Titulización
- Morningstar DBRS Confirms Credit Ratings on Weser Funding S.A., Compartments No. 3 and 4
- Morningstar DBRS Discontinues Credit Ratings on FCT Ginkgo Compartment Debt Conso 2015-1
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Three Alba Leasing Transactions
- Morningstar DBRS Confirms Credit Ratings on Portuguese Electricity Tariff Securitisations
- Morningstar DBRS Discontinues Credit Ratings on Cartesian Residential Mortgages Blue S.A.
- Morningstar DBRS Discontinues Credit Ratings on NewDay Funding Loan Note Issuer VFN-F1 V2
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Auto ABS Spanish Loans 2022-1 FT
- Morningstar DBRS Discontinues Credit Rating on SWK Consumer 2021-1, Fondo de Titulización
- Morningstar DBRS Downgrades Credit Rating on Leviticus SPV S.r.l., Maintains Negative Trend
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Civitas SPV S.r.l. - Series 2019-1
- Morningstar DBRS Confirms Credit Rating on Securitised Residential Mortgage Portfolio I B.V.
- Morningstar DBRS Discontinues Credit Rating on Towd Point Mortgage Funding 2019-Granite5 Plc
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Pavillion Point of Sale 2021-1A PLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Three CaixaBank PYMES Transactions
- Morningstar DBRS Discontinues Credit Ratings on NewDay Partnership Loan Note Issuer VFN-P1 V3
- Morningstar DBRS Confirms Credit Rating on Loan Invest NV/SA. Compartment SME Loan Invest 2020
- Morningstar DBRS Confirms Credit Ratings on Together Asset Backed Securitisation 2022-2ND1 plc
- Morningstar DBRS Discontinues Credit Ratings on Glenbeigh 2 Issuer Designated Activity Company
- Morningstar DBRS Discontinues Credit Ratings on Towd Point Mortgage Funding 2018-Auburn 12 Plc
- Morningstar DBRS Upgrades Credit Ratings on Golden Bar (Securitisation) S.r.l. - Series 2022-1
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Siena PMI 2016 S.r.l. - Series 2-2019
- Morningstar DBRS Confirms AAA (sf) Credit Rating on Master Credit Cards PASS Compartment France
- Morningstar DBRS Discontinues Credit Ratings on NewDay Funding Master Issuer plc, Series 2021-2
- Morningstar DBRS Upgrades Credit Rating on Wolf Receivables Financing Plc, Maintains Stable Trend
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Cars Alliance Auto Loans France V 2022-1
- Morningstar DBRS Confirms Credit Rating on Titan SPV S.r.l., Changes Trend to Positive from Stable
- Morningstar DBRS Confirms Provisional Credit Ratings on Colonnade Programme - Series Global 2018-5
- Morningstar DBRS Confirms and Upgrades Ratings on Cartesian Residential Mortgages 4, 5, and 6 S.A.
- Morningstar DBRS Discontinues Credit Ratings on Golden Bar (Securitisation) S.r.l. - Series 2019-1
- Morningstar DBRS Upgrades Credit Rating on Aurelia SPV S.r.l., Changes Trend to Positive from Stable
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Two Dutch Property Finance B.V. Transactions
- Morningstar DBRS Discontinues Credit Rating on Rural Hipotecario XI, Fondo de Titulización de Activos
- Morningstar DBRS Discontinues Credit Ratings on Rural Hipotecario X, Fondo de Titulización de Activos
- Morningstar DBRS Confirms AA (sf) Credit Rating on Columbus Master Credit Cards Fondo de Titulización
- Morningstar DBRS Discontinues Credit Rating on Rural Hipotecario XII, Fondo de Titulización de Activos
- Morningstar DBRS Downgrades Class A and Confirms Class B Credit Ratings on Brisca Securitisation S.r.l.
- Morningstar DBRS Takes Credit Rating Actions on Fastnet Securities 16 DAC and Fastnet Securities 17 DAC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Three Dutch Property Finance B.V. Transactions
- Morningstar DBRS Confirms Credit Rating on Globaldrive Auto Receivables UK 2020-A plc Following Amendment
- Morningstar DBRS Discontinues Credit Rating on Silver Arrow S.A., acting in respect of its Compartment 12
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Golden Bar (Securitisation) S.r.l. Series 2019-1
- Morningstar DBRS Upgrades Credit Rating on Class A Notes Issued by Grogu SPV S.r.l., Trend Remains Positive
- Morningstar DBRS Upgrades Credit Rating on Class A Notes Issued by Sirio NPL S.r.l., Trend Remains Positive
- Morningstar DBRS Upgrades Credit Ratings on Two Series of the Marzio Finance S.r.l. Securitisation Programme
- Morningstar DBRS Upgrades Credit Ratings on Two Series of the Marzio Finance S.r.l. Securitisation Programme
- Morningstar DBRS Confirms Credit Ratings on Driver Master S.A., acting for and on behalf of its Compartment 2
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Notes Issued by Three Prado FT RMBS Transactions
- Morningstar DBRS Confirms Credit Ratings on Fondo de Titulización del Déficit del Sistema Eléctrico, F.T.A.
- Morningstar DBRS Upgrades and Confirms Credit Ratings on FACT S.A., acting in respect of its Compartment 2021-1
- Morningstar DBRS Confirms Credit Ratings on VCL Master Sweden S.A., acting for and on behalf of its Compartment 1
- Morningstar DBRS Discontinues Credit Ratings on Asset-Backed European Securitisation Transaction Seventeen S.r.l.
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Rural Hiptoecario XIV, Fondo de Titulización de Activos
- Morningstar DBRS Confirms Credit Rating of BBB (sf), Changes Trend to Stable from Negative on Buonconsiglio 4 S.r.l.
- Morningstar DBRS Upgrades Credit Rating on GAMMA - Sociedade de Titularização de Créditos, S.A. (Hipototta No. 13)
- Morningstar DBRS Upgrades and Confirms Credit Ratings on Three Together Asset Backed Securitisation CRE Transactions
- Morningstar DBRS Confirms Credit Rating on Class A Notes Issued by Prosil Acquisition S.A., Changes Trend to Negative
- Morningstar DBRS Confirms BBB (low) (sf) Credit Rating on Class A Notes Issued by Juno 2 S.r.l.; Maintains Stable Trend
- Morningstar DBRS Confirms Credit Rating on Bavarian Sky S.A., acting in respect of its Compartment German Auto Loans 12
- Morningstar DBRS Downgrades Credit Rating on Class B Notes Issued by Ibla S.r.l.; Confirms Credit Rating on Class A Notes
- Morningstar DBRS Upgrades and Confirms Credit Ratings on AyT Goya Hipotecario IV and V, Fondo de Titulización de Activos
- Morningstar DBRS Confirms Credit Rating on Class A Notes Issued by Diana SPV S.r.l., Changes Trend to Positive from Stable
- Morningstar DBRS Confirms Credit Ratings on European Residential Loan Securitisation 2019-NPL1 DAC, Maintains Stable Trend
- Morningstar DBRS Confirms Credit Ratings on TAGUS - Sociedade de Titularização de Créditos, S.A. (Ulisses Finance No.3)
- Morningstar DBRS Confirms Credit Ratings on Tagus - Sociedade de Titularização de Créditos, S.A. (Victoria Finance No. 1)
- Morningstar DBRS Discontinues Credit Rating on Silver Arrow S.A., acting in respect of its Compartment Silver Arrow UK 2021-2
- Morningstar DBRS Discontinues Credit Ratings on VCL Multi-Compartment S.A., acting for and on behalf of its Compartment VCL 34
- Morningstar DBRS Changes Trend to Negative From Stable on Class B Notes Issued by POP NPLs 2020 S.r.l., Confirms Credit Ratings
- Morningstar DBRS Confirms Credit Ratings on the Class A Notes Issued by Cars Alliance Auto Loans France Master, Following Amendment
- Morningstar DBRS Confirms Credit Ratings on SC Germany S.A., acting on behalf and for the account of its Compartment Consumer 2023-1
- Morningstar DBRS Confirms BBB (high) (sf) Credit Rating on Class A Notes Issued by Yoda SPV S.r.l., Changes Trend to Positive From Stable
- Morningstar DBRS Upgrades and Confirms Credit Ratings on TAGUS - Sociedade de Titularização de Créditos, S.A. (RMBS Green Belém No.1)
- Morningstar DBRS Confirms Credit Rating on the Class A Notes Issued by Hestia Financing S.à r.l., Changes Trend to Positive from Negative
- Morningstar DBRS Assigns Credit Rating to the Series 2024-1 Class A Notes Issued by VCL Master S.A., acting with respect to its Compartment 1
- Morningstar DBRS Confirms Credit Ratings on Glenbeigh 2 Issuer Designated Activity Company and Glenbeigh 2 Issuer 2021-2 Designated Activity Company
- Morningstar DBRS Confirms BBB (high) (sf) Credit Rating on Class A Notes Issued by Capella Financing S.à r.l., Changes Trend to Positive from Negative
- 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 Credit Rating to Cars Alliance Auto Leases France Master Class A 2024-46 Notes and Discontinues Credit Rating on Class A 2023-42 Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2024-47 Notes and Discontinues Credit Rating on Class A 2023-43 Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2024-50 Notes and Discontinues Credit Rating on Class A 2024-45 Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Leases France Master Class A 2024-51 Notes and Discontinues Credit Rating on Class A 2024-46 Notes
- Morningstar DBRS Assigns Credit Ratings to Cars Alliance Auto Leases France Master Class A 2024-48 and 2024-49 Notes and Discontinues Credit Rating on Class A 2024-44 Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2024-04, Class A Notes and Discontinues Credit Rating on Series 2023-12, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2024-05, Class A Notes and Discontinues Credit Rating on Series 2024-01, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2024-06, Class A Notes and Discontinues Credit Rating on Series 2024-02, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2024-03, Class A Notes and Discontinues Credit Rating on Series 2023-11, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2024-06, Class A Notes and Discontinues Credit Rating on Series 2024-04, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans France Master, Series 2024-07, Class A Notes and Discontinues Credit Rating on Series 2024-03 a, Class A Notes
- Morningstar DBRS Assigns Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2024-07, Class A Notes and Discontinues Credit Rating on Series 2024-05, Class A Notes
- Morningstar DBRS Assigns Credit Ratings to Cars Alliance Auto Loans Germany Master, Series 2024-08 and Series 2024-09, Class A Notes and Discontinues Credit Rating on Series 2024-06, Class A Notes
Contacts
Alfonso Candelas
Associate Managing Director - European Securitisation Surveillance & Rating Process
+(49) 69 8088 3512
alfonso.candelas@morningstar.com- Christian Aufsatz
Managing Director - European Structured Finance Ratings
+(44) 20 7855 6664
christian.aufsatz@morningstar.com - Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com