ESG Factors in RMBS, Part One: Environmental Factors
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Summary
This is the first in a series of commentaries that will discuss the environmental, social, and governance (ESG) factors that could affect credit analysis that the DBRS Morningstar residential mortgage-backed security (RMBS) groups conduct. In this commentary, DBRS Morningstar will discuss two environmental factors that it considers in its ratings analysis. Subsequent commentaries will cover social and governance factors.