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

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

DBRS Morningstar has conducted a periodic review of the Methodology.

No material changes to the Methodology were made. Accordingly, no ratings are expected to change as a result of this update.

This update supersedes the previous version published on August 9, 2021, and is effective as of August 8, 2022.

Notes:
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings.

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.

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.