DBRS Publishes Updated Default Definition and Retires Income Fund Stability Rating Scale

DBRS has today published an updated default definition as part of its ongoing effort to increase transparency to the market. DBRS eliminated the period of time that a D rating remains outstanding before being discontinued-withdrawn. In practice, DBRS may discontinue-withdraw D ratings at any time a rating is downgraded to D.

DBRS has also today retired the income fund stability rating scale (the Scale), which provided an indication of both the stability and sustainability of an income fund’s distributable income. The Scale has been withdrawn from use following the recent retirement of the last methodology used to assign ratings with it. Although DBRS will no longer assign ratings with the Scale, the Scale will remain publically available on dbrs.com for historical purposes, as it is referenced in past rating reports, press releases and other similar materials.

The default definition and the income fund stability rating scale are both publicly available on www.dbrs.com. For more information, visit www.dbrs.com or contact us at info@dbrs.com.