DBRS is requesting comments on the proposed legal criteria for European structured finance deals.
The deadline for comments is on or before Sept. 30. The rating agency will be publishing a final methodology after the review and evaluation of all submissions.
The methodology offers greater transparency to the ratings process by outlining to industry players the principal legal criteria that the firm applies when rating a structured finance or structured credit deal.
According to DBRS, included within the methodology are country-specific addenda setting out certain specific considerations that are applicable to structured finance offerings in the respective country. The countries included are the U.K., Netherlands Spain and Italy.