DBRS Morningstar Publishes Final Global Methodology for Rating Investment Management Companies

DBRS Morningstar finalized its “Global Methodology for Rating Investment Management Companies” (the IMC Methodology) after closure of a public request for comment (RFC) period that ended January 16, 2020.

This methodology presents the criteria for which the ratings of Investment Management Companies (IMCs) are assigned and/or monitored.

There were no comments received during the RFC period. The effective date of the IMC Methodology is January 21, 2020.

For most IMCs, their principal role is managing assets for investors. As part of this role, IMCs are involved in the flow of funds from investors to entities that need capital or funding. IMCs can include traditional fund managers, alternative asset managers, and wealth managers. Many IMCs conduct a combination of these activities. Some are also involved in other financial activities that include financing, lending, or capital markets-related activities.

This is a new methodology. DBRS Morningstar has determined that no ratings are expected to change as a result of the publication of the IMC Methodology. Issuers that are currently assessed under the “Rating Companies in the Asset Management Industry” methodology will be assessed under the IMC Methodology in due course.

All comments received during the request for comment period have been published to the DBRS Morningstar website, except in cases where confidentiality is requested by the respondent.

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].