European RMBS Insight Methodology (Archived)

This Methodology presents the criteria for which Dutch, Greek, Italian, Spanish, and UK residential mortgage-backed securities (RMBS) ratings and, where relevant, Dutch, Greek, Italian, Spanish, and UK covered bonds ratings, are assigned and monitored.

DBRS Morningstar has changed the functionality that enables the European RMBS Insight Model to directly forecast defaults of loans with flexible features—loans that allow borrowers to make further drawings—based on the total loan balance including the current loan balance and further drawing capacity. In addition to this change, DBRS Morningstar has capped the loss given default at 100%.