DBRS Morningstar Publishes Updated Belgian, German, and French Addenda for Its Master European Residential Mortgage-Backed Securities Rating Methodology

DBRS Morningstar published three updated addenda to the “Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda” (the Methodology) as follows:

-- Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda, Belgian Addendum;
-- Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda, German Addendum; and
-- Master European Residential Mortgage-Backed Securities Rating Methodology and Jurisdictional Addenda, French Addendum.

DBRS Morningstar has conducted a periodic review of the addenda.

No material changes to the Methodology were made. Accordingly, no ratings are expected to change as a result of these updates.

These updates supersede the previous version published on 9 July 2021 and are effective as of 17 September 2021.

Notes:
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at: https://www.dbrsmorningstar.com/research/373262.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

For more information regarding structured finance rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/358308.

DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

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