DBRS Morningstar Publishes Updated Methodology and Related Appendices for Rating Canadian Structured Finance Transactions

DBRS Morningstar published an updated version of its “Rating Canadian Structured Finance Transactions” methodology and the related appendices as follows:

(1) Rating Canadian Structured Finance Transactions (the General CSF Methodology),
(2) Franchise Loans appendix to the General CSF Methodology,
(3) Consumer Loans appendix to the General CSF Methodology,
(4) Insurance Premium Loans appendix to the General CSF Methodology, and
(5) Residential Rental Equipment Contract Receivables appendix to the General CSF Methodology (together, the Methodology).

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on April 15, 2020, and is effective as of April 13, 2021. As part of the update, the Legislated Utility Collections appendix to the General CSF Methodology has been retired and archived. DBRS Morningstar deems the update not to be material and has determined that no ratings are expected to change as a result of this update.

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

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 finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

For more information regarding the structured finance rating approach and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/359905.

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