Morningstar DBRS Publishes Updated Rating European Structured Finance Transactions Methodology and Appendices

Morningstar DBRS published an updated version of its "Rating European Structured Finance Transactions Methodology" (the Methodology) and the following four appendices to the Methodology:

-- Appendix 1: European Reverse Mortgages;
-- Appendix 2: Obligations Backed by Insurance Policy (Financial Guarantee);
-- Appendix 3: Dual-Recourse Securities; and
-- Appendix 4: European TV Programming Licensing Rights.

Morningstar DBRS has conducted a periodic review of the Methodology and the appendices. These updates supersede the previous versions published on 17 June 2025 and are effective as of 7 July 2025. Morningstar DBRS deems the updates not to be material and has determined that no credit ratings are expected to change as a result of these updates.

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.