DBRS Publishes Methodology: Spanish Electricity Tariff Methodology

DBRS has today published its methodology for the rating approach for 2005 Spanish electricity tariff securitisations. This methodology concentrates on the securitisation of Compensation Entitlements arising from the 2005 Spanish Tariff Deficit, due to their particular legal status and recovery mechanism. The predominant focus of the methodology is the legal and regulatory framework in addition to a discussion of the liquidity risks and the parties responsible for mitigating those risks.

DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.