DBRS Morningstar Publishes Updated Automotive Manufacturing and Supplier Industries Methodology

DBRS Morningstar Credit Ratings (DBRS Morningstar) published an updated version of its “Rating Companies in the Automotive Manufacturing and Supplier Industries” methodology (the Methodology).

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published in October 2018 and is effective as of the date of this press release. DBRS Morningstar 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 Morningstar 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 Morningstar 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 [email protected].