DBRS Publishes Updated Methodology for Rating Canadian Trade Receivables Securitization Transactions

DBRS has today released an updated version of its “Rating Canadian Trade Receivable Securitization Transactions” methodology.

DBRS does not deem the updates to be material and has determined that the updated methodology will not result in any changes to existing Canadian trade receivables securitization transaction ratings.

The updated methodology supersedes the version previously published in November 2015. It is applied in conjunction with DBRS’s “Legal Criteria for Canadian Structure Finance” and, if applicable, “Rating Canadian ABCP and Related Enhancement Features” and/or “Derivatives Criteria for Canadian Structured Finance.”

Notes:
DBRS rating definitions and the terms of use of such ratings are available at www.dbrs.com.

DBRS’s methodologies and criteria are available at www.dbrs.com or by contacting us at info@dbrs.com.