DBRS Ratings Limited (DBRS) released its “Rating European Auto Wholesale Securitisations” methodology (the Methodology) for use by its analysts in Europe after the closure of a public request for comments (RFC) period that ended on 2 January 2019. In addition, DBRS added the “Sample Operational Risk Agenda for European Auto Wholesale Originators” appendix to the existing “Operational Risk Assessment for European Structured Finance Originators” methodology and the “Sample Operational Risk Agenda for European Auto Wholesale Servicers” appendix to the existing “Operational Risk Assessment for European Structured Finance Servicers” methodology.
For further background, please refer to DBRS’s press release “DBRS Requests Comment on Proposed Methodology for Rating European Auto Wholesale Securitisations and New Related Appendices for Operational Risk Methodologies” dated 30 November 2018.
DBRS received no comments on the Methodology and the new appendices during the RFC period; therefore, there are no changes to the Methodology and new appendices that were published on 30 November 2018.
DBRS publishes on its website any comments received except in cases where confidentiality is requested by
The Methodology and new appendices are effective as of today. DBRS has determined that no ratings will be changed as a result of the publication of the Methodology and new appendices.
DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.
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