DBRS Morningstar Republishes Its Preferred Share Rating Scale

DBRS Morningstar republished its Preferred Share Rating Scale, which is a scale used to reflect an opinion on the risk that an issuer will not fulfil its obligations with respect to both dividend and principal commitments in respect of preferred shares issued in the Canadian securities market in accordance with the terms under which the relevant preferred shares have been issued. Outside of Canada, preferred share ratings are assigned using the long-term obligations rating scale.

The update is intended only to provide additional clarity. There are no substantive changes to the preferred share rating scale itself and no ratings will change as a result of this update to the preferred share rating scale.

For more information on the preferred share rating scale, visit www.dbrs.com or contact us at info@dbrs.com.

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