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U.S. Capital Markets Q2 2025 Results Reflect Broad-Based Momentum Despite Ongoing Uncertainty

Commentary

U.S. Capital Markets Q2 2025 Results Reflect Broad-Based Momentum Despite Ongoing Uncertainty

July 22, 2025

Tariffs

Implications for Global Credit

ORA

Operational Risk Assessments and Rankings

ESG

ESG Factors Considered in Analysis

The Latest

Press ReleaseJuly 22, 2025
Morningstar DBRS Confirms All Credit Ratings on Five BX Commercial Mortgage Trust Transactions With Positive Trends on Four Classes
CMBS
DBRS Limited (Morningstar DBRS) confirmed all credit ratings of the Commercial Mortgage Pass-Through Certificates (the Certificates) on five BX Commercial Mortg...
Press ReleaseJuly 22, 2025
Morningstar DBRS Assigns Provisional Credit Ratings to Brean Asset-Backed Securities Trust 2025-RM12
RMBS
DBRS, Inc. (Morningstar DBRS) assigned provisional credit ratings to the Mortgage-Backed Notes, Series 2025-RM12 (the Notes) to be issued by Brean Asset-Backed ...
Presale ReportJuly 22, 2025
Brean Asset-Backed Securities Trust 2025-RM12: Presale Report
RMBS
DBRS, Inc. (Morningstar DBRS) assigned provisional credit ratings to the Mortgage-Backed Notes, Series 2025-RM12 to be issued by Brean Asset-Backed Securities T...
CommentaryJuly 22, 2025
Credit Estimate Snapshot: Q2 2025 Improved Company Financials Prior to Tariffs but Headwinds Remain
Services
Consumers
Industrials
...
Quarterly Highlights -- Out of the 195 existing middle market borrowers, we have reviewed this quarter with a previously active CE; there were 21 deteriorations...
Credit Rating ReportJuly 22, 2025
Enbridge Inc.: Credit Rating Report
Energy
On June 27, 2025, DBRS Limited (Morningstar DBRS) confirmed its Issuer Rating on Enbridge Inc. (ENB) and the Senior Unsecured Notes credit rating at A (low) wit...
Credit Rating ReportJuly 22, 2025
Clover Limited Partnership: Credit Rating Report
Project Finance
On July 3, 2025, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating and the ratings of the Series A Senior Notes and Series B Senior Notes issued by C...
CommentaryJuly 22, 2025
North American CMBS Interest in Arrears: July 2025
CMBS
North American commercial mortgage-backed security (NA CMBS) structures allow for interest shortfalls; as such, there are classes of NA CMBS certificates where ...
Press ReleaseJuly 22, 2025
Morningstar DBRS Assigns Provisional Credit Ratings to Vista Point Securitization Trust 2025-CES2
RMBS
DBRS, Inc. (Morningstar DBRS) assigned provisional credit ratings to the following Asset-Backed Securities, Series 2025-CES2 (the Notes) to be issued by Vista P...

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