DBRS Publishes Updated Rating European Non-Performing Loans Securitisations Methodology

DBRS Ratings Limited (DBRS) has today published its updated “Rating European Non-Performing Loans Securitisations” methodology (the Methodology).

The Methodology, effective today, supersedes the “Rating European Non-Performing Loans Securitisations” methodology, last published in June 2016. The changes to the Methodology are not deemed to be material, and as a result, no outstanding ratings will be affected as a result of this update.

The Methodology clarifies and expands on the rating process for secured collateral and addresses the logical flow of the analysis describing first the analysis of secured loans and subsequently the analysis of unsecured loans. No changes have been implemented in any of the qualitative and qualitative factors used to analyse non-performing loan portfolios or securitisations.

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.