Press Release

Morningstar DBRS Publishes Updated Legal and Derivatives Criteria for Canadian Structured Finance

ABCP, Auto, RMBS
August 12, 2024

Morningstar DBRS published an updated version of its "Legal Criteria for Canadian Structured Criteria" (the Methodology). In this update, Morningstar DBRS incorporated its "Derivatives Criteria for Canadian Structured Finance" (the Derivatives Criteria) into the Methodology and updated the title of the Methodology to "Legal and Derivatives Criteria for Canadian Structured Finance. This consolidation of the Derivatives Criteria into the Methodology does not result in any material changes to either the Derivatives Criteria or the Methodology, or to the rating analysis within each document. In conjunction with the publication of the Methodology, Morningstar DBRS will withdraw and archive its Derivatives Criteria.

Morningstar DBRS conducted a periodic review of the Methodology. This update supersedes the previous version published on June 20, 2023, and is effective as of August 9, 2024. Morningstar DBRS deems the update not to be material and determined that no ratings are expected to change as a result of this update.

Notes:
Morningstar DBRS methodologies are publicly available on its website dbrs.morningstar.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.