Morningstar DBRS Publishes Updated Global Methodology for Rating and Monitoring Covered Bonds

Morningstar DBRS published an updated version of its "Global Methodology for Rating and Monitoring Covered Bonds" (the Methodology).

As part of the update, Morningstar DBRS clarified its amortisation assumptions for residential mortgages with a contractual balloon payment that is due before the end of the amortisation term.

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 2 April 2024 and is effective as of 25 March 2025.

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.