DBRS Publishes Two Corporate Methodology Updates and One Criteria Update; No Rating Impact

DBRS has today updated two of its industry-specific corporate finance methodologies and one criteria. The two methodology updates use the new revised format that provides a more concise but still detailed insight into the approach that DBRS uses to rate corporate securities in each industry. DBRS will continue to update its other corporate finance methodologies in a similar manner in the future. The criteria has been updated to provide additional clarifying detail, but changes are not substantive.

Today’s updates include the following:

(1) Rating Companies in the Printing Industry;
(2) Rating Companies in the Publishing Industry (previously entitled “Rating the Newspaper and Magazine Publishing Industry”); and
(3) DBRS Criteria: Guarantees and Other Forms of Explicit Support.

There have been no rating changes or rating actions caused by today’s updates. For further information on the revised corporate methodology format, please refer to the June 18, 2013, press release “DBRS Publishes Five Corporate Methodology Updates with Adjusted Format; No Rating Impact.”

Note that the printing and publishing industry risk ratings (IRRs) using the new three-tier industry rating system are each BB.

DBRS criteria and methodologies are publicly available on its website www.dbrs.com under Methodologies.