Morningstar DBRS Publishes Updated Methodology for Rating U.S. Credit Card Asset-Backed Securities

Morningstar DBRS published an updated version of its "Rating U.S. Credit Card Asset-Backed Securities" methodology (the Methodology).

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 August 6, 2024, and is effective as of July 11, 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.