Morningstar DBRS Publishes Consolidated Operational Risk Assessment for European Structured Finance Originators and Servicers Methodology
ABCP, Auto, RMBSMorningstar DBRS published the "Operational Risk Assessment for European Structured Finance Originators and Servicers" methodology (the Methodology). The Methodology consolidated two separate methodology documents Morningstar DBRS uses to assess operational risk for European structured finance transactions.
The Methodology supersedes the following and is effective as of 18 September 2024:
-- "Operational Risk Assessment for European Structured Finance Originators" (published 6 August 2024)
-- "Operational Risk Assessment for European Structured Finance Servicers" (published 6 August 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.
Morningstar DBRS also made editorial and nonmaterial changes to update all references to the now-retired "Operational Risk Assessment for European Structured Finance Originators" and "Operational Risk Assessment for European Structured Finance Servicers" methodologies to the now-consolidated, stand-alone "Operational Risk Assessment for European Structured Finance Originators and Servicers" methodology for the following methodologies listed below:
-- "European RMBS Insight Methodology"
-- "Rating European Auto Wholesale Securitisations"
-- "Rating European Consumer and Commercial Asset-Backed Securitisations"
-- "Rating European Nonperforming and Reperforming Loans Securitisations"
-- "Rating European Rental Car Securitisations"
-- "Rating European Structured Finance Transactions Methodology"
-- "Rating Oil & Gas PDP Reserves Asset-Backed Securities"
-- "Rating Solar ABS Transactions"
-- "Rating CLOs Backed by Loans to European SMEs"
Notes:
Morningstar DBRS methodologies are publicly available on its website https://dbrs.morningstar.com under Methodologies & Criteria.
For more information on this methodology or on this industry, visit https://dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.