DBRS Morningstar Publishes Updated CMBS Methodologies: Multi-Borrower and Surveillance

DBRS Morningstar published updated versions of two CMBS methodologies as follows:

-- “North American CMBS Multi-Borrower Rating Methodology” (March 16, 2023); and
-- “North American CMBS Surveillance Methodology” (March 16, 2023).

The updates supersede the following previous versions:

-- “North American CMBS Multi-Borrower Rating Methodology” (November 4, 2022); and
-- “North American CMBS Surveillance Methodology” (October 3, 2022).

The updates are effective as of March 16, 2023. DBRS Morningstar deems the updates not to be material and has determined that no ratings are expected to change as a result of these updates.

Notes:
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.