DBRS Publishes Three Corporate Methodology Updates with Adjusted Format; No Rating Impact

DBRS has today updated three of its industry-specific corporate finance methodologies, which 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.

Today’s updates include the following:

(1) Rating Companies in the Consumer Products Industry,
(2) Rating Companies in the Merchandising Industry and
(3) Rating Companies in the Oilfield Services Industry (previously entitled “Rating Companies in the Onshore Oil and Gas Drilling Industry”).

While the oilfield services financial risk rating metrics have changed somewhat from the previous version, 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 consumer products and merchandising industry risk ratings (IRRs) using the new three-tier industry rating system are each BBB, while the IRR for oilfield services is BB.

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