DBRS Morningstar Publishes Updated Rating European Trade Receivables Securitisation Transactions Methodology

DBRS Morningstar published an updated version of its “Rating European Trade Receivables Securitisation Transactions” methodology.

DBRS Morningstar has conducted a periodic review of “Rating European Trade Receivables Securitisation Transactions”. This update supersedes the previous version published on 9 November 2020 and is effective as of 19 November 2020. No material changes to the methodology were made. Accordingly, no ratings are expected to change as a result of this update.

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.

The DBRS Morningstar Sovereign group releases baseline macroeconomic scenarios for rated sovereigns. DBRS Morningstar analysis considered impacts consistent with the baseline scenarios as set forth in the following report: https://www.dbrsmorningstar.com/research/384482/baseline-macroeconomic-scenarios-application-to-credit-ratings.

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

For more information on this methodology or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.