DBRS Morningstar Publishes Updated Methodology for Rating U.S. Structured Finance Transactions

DBRS Morningstar published an updated version of its “Rating U.S. Structured Finance Transactions” methodology (the Methodology), including the following updated appendices (the Appendices):

(1) Appendix I: U.S. Consumer Loan ABS Transactions;
(2) Appendix III: U.S. TV Programming Licensing Rights; and
(3) Appendix IV: U.S. Insurance Premium Finance.

DBRS Morningstar has conducted a periodic review of the Methodology and the Appendices. This update supersedes the previous version published on November 6, 2020, and is effective as of October 20, 2021. 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.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482/baseline-macroeconomic-scenarios-application-to-credit-ratings.

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