DBRS Morningstar Releases Updated Methodology for Rating Canadian Residential Mortgages, HELOCs and Reverse Mortgages

DBRS Morningstar published an updated version of its “Rating Canadian Residential Mortgages, Home Equity Lines of Credit and Reverse Mortgages” methodology (the Methodology).

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on November 3, 2022, and is effective as of October 26, 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.

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.