DBRS Publishes Updated Regulated Utilities Methodology

DBRS published an updated version of its methodology “Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry” (the Methodology).

DBRS has conducted a periodic review of the Methodology. This update supersedes the previous version published in September 2018 and is effective as of today. DBRS deems the update not to be material and has determined that no ratings are expected to change as a result of this update.

As discussed in the press release for the “Rating Companies in the Capital Goods Dealership Industry” methodology, dated May 10, 2019, DBRS is changing its corporate methodologies to an overlay format. The business risk assessment and financial risk assessment will now blend into a core assessment, which will then be adjusted, as needed, for industry-specific and general overlay factors to determine an issuer rating. For further details, please see the May 10, 2019, press release referred to above.

Notes:
DBRS methodologies are publicly available on its website www.dbrs.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.