DBRS Releases Updated Rating European Covered Bonds Methodology

DBRS Rating Limited (DBRS) has today released an updated version of its “Rating European Covered Bonds” methodology. DBRS streamlined language to clarify how credit is given to overcollateralisation.

The changes are deemed to be non-material and have no impact on outstanding ratings. As such, DBRS deems there is no need to publish any Request for Comments.

DBRS is also republishing the addendum to the Methodology “Rating European Covered Bonds Addendum: Market Value Spreads Range (Midpoints)”. These are unchanged and have no impact on outstanding ratings.

This methodology, effective as of the date of this press release, supersedes the previous methodology dated July 14, 2016, under the same title.

Notes:
The methodology is publicly available on www.dbrs.com under Methodologies or by contacting us at info@dbrs.com.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.