DBRS Publishes Four Updated Corporate Finance Methodologies

DBRS Limited and DBRS, Inc. (DBRS) have today published four corporate finance methodologies and criteria as follows:

(1) Rating Companies in the Airline Industry;
(2) Rating Companies in the Railway Industry;
(3) DBRS Criteria: Guarantees and Other Forms of Support; and
(4) DBRS Criteria: Canadian Government STRIP Bonds.

These updates supersede the previous versions published in February 2016.

In the first methodology above, the FRA metrics were made more somewhat conservative to better reflect the volatility of the sector. In the third methodology above, additional detail was added on the notion of implicit support. In the case of all four methodologies, certain other details have been clarified. Changes overall, however, in each case, are not material and DBRS has determined that no ratings have changed as a result of these updates.

Notes:
DBRS rating definitions and the terms of use of such ratings are available at www.dbrs.com.

DBRS’s methodologies and criteria are available at www.dbrs.com or by contacting us at info@dbrs.com.