DBRS Morningstar Releases Commentary on Risk Exposure of European RMBS to COVID-19

DBRS Morningstar released a commentary titled, “European RMBS Transactions’ Risk Exposure to Coronavirus (COVID-19) Effect”.

We believe for European residential mortgage-backed securities (RMBS), mortgage payment holidays can in the short term lead to reduced cash flows. In the longer term, asset deterioration can lead to a higher level of delinquencies, defaults, and losses.

This commentary outlines the consideration for European RMBS transactions rated by DBRS Morningstar. For more details, please read “European RMBS Transactions’ Risk Exposure to Coronavirus (COVID-19) Effect” available at www.dbrsmorningstar.com.

Notes:
The commentary is available at www.dbrsmorningstar.com.

For more information, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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