DBRS Morningstar Publishes Final Operational Risk Assessments for Canadian Structured Finance Methodology

DBRS Morningstar finalized its “Operational Risk Assessments for Canadian Structured Finance” methodology following a request for comment period on a proposed new exhibit for residential rental equipment contract receivables.

The new exhibit in the methodology presents sample operational risk questions used in the review of originators and servicers of Canadian residential rental equipment contract receivables.

The methodology supersedes the prior version published on April 25, 2019, and is effective as of June 11, 2020.

DBRS Morningstar did not receive any comments on the methodology.

DBRS Morningstar has determined that no ratings are expected to change as a result of this update.
All comments received during the request for comment period have been published to the DBRS Morningstar website, except in cases where confidentiality is requested by the respondent.

Notes:
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured nance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.