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,
(5) Residential Rental Equipment Contract Receivables appendix to the General CSF Methodology, and
(6) Utility Submetering Contract Fees 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 December 13, 2022, and is effective as of April 10, 2023. 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:
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.