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Commentary

U.S. CRE CLO Report: Q2 2025 Surpasses Previous Record Quarter With $8.9 Billion in Issuance; Transactions Report Minor Decrease in Delinquency

August 15, 2025

Tariffs

Implications for Global Credit

ORA

Operational Risk Assessments and Rankings

ESG

ESG Factors Considered in Analysis

The Latest

Press ReleaseAugust 18, 2025
Morningstar DBRS Downgrades Credit Ratings on Two Classes of WFRBS Commercial Mortgage Trust 2014-C25; Changes Trends on Two Classes to Stable From Negative
CMBS
DBRS Limited (Morningstar DBRS) downgraded credit ratings on two classes of Commercial Mortgage Pass-Through Certificates, Series 2014-C25 issued by WFRBS Comme...
Press ReleaseAugust 18, 2025
Morningstar DBRS Posts European Securitisation Insights Podcast Episode 33 on Spain's Foreclosure and Bankruptcy Landscape
ABCP
Auto
RMBS
...
In the latest episode of our "European Securitisation Insights" podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined b...
CommentaryAugust 18, 2025
Private Credit Rating Actions Chartbook
Services
Consumers
Natural Resources
...
For this edition of the quarterly credit rating actions report, we are moving to a chartbook format, which allows us to provide a more detailed look into our pr...
Press ReleaseAugust 18, 2025
Morningstar DBRS Assigns a Credit Rating to Cars Alliance Auto Loans Germany Master, Series 2026-01, Class A Notes and Discontinues the Credit Rating on Series 2025-10, Class A Notes
Auto
DBRS Ratings GmbH (Morningstar DBRS) assigned a AAA (sf) credit rating to the EUR 112.1 million Series 2026-01, Class A notes (the Class A Notes) issued by Cars...
Credit Rating ReportAugust 15, 2025
Milton Hydro Holdings Inc.: Credit Rating Report
Utilities & Independent Power
On August 14, 2025. DBRS Limited (Morningstar DBRS) confirmed Milton Hydro Holding Inc's Issuer Rating and Senior Unsecured Debentures credit rating at A (low)....
Press ReleaseAugust 15, 2025
Morningstar DBRS Confirms Credit Ratings on Canadian Master Trust and Ridge Trust at R-1 (high) (sf)
ABCP
DBRS Limited (Morningstar DBRS) confirmed its credit ratings of R-1 (high) (sf) on the Series A Notes issued by Canadian Master Trust (CMT), and the Series A No...
Credit Rating ReportAugust 15, 2025
Canadian Master Trust, Ridge Trust: Transaction 39 Summary
ABCP
DBRS Limited (Morningstar DBRS) confirmed its credit ratings of R-1 (high) (sf) on the Series A Notes issued by Canadian Master Trust, and the Series A Notes is...
Press ReleaseAugust 15, 2025
Morningstar DBRS Confirms Republic of Latvia at "A", Stable Trend
Sovereigns
DBRS Ratings GmbH (Morningstar DBRS) confirmed the Republic of Latvia's (Latvia) Long-Term Foreign and Local Currency - Issuer Ratings at "A". At the same time,...