Morningstar DBRS Publishes Updated Methodology for Rating Canadian ABCP and Related Enhancement Features

Morningstar DBRS published an updated version of its "Rating Canadian ABCP and Related Enhancement Features" (the Methodology).

The updated version of the Methodology includes nonmaterial changes to update references to the archived (1) "Legal Criteria for Canadian Structured Finance" and (2) "North American Structured Finance Flow-Through Ratings" methodologies. These references have been updated to the current (1) "Legal and Derivatives Criteria for Canadian Structured Finance" and (2) "Global Structured Finance Flow-Through Ratings" methodologies, respectively.

Morningstar DBRS has conducted a periodic review of the Methodology. Morningstar DBRS deems the update not to be material and determined that no credit ratings are expected to change as a result of this update. This update supersedes the previous version published on February 27, 2024, and is effective as of February 24, 2025.

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.