DBRS Morningstar Publishes Updated Public Universities Methodology

DBRS Morningstar published an updated version of its “Rating Public Universities” methodology (the Methodology).

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on May 8, 2019, and is effective as of May 15, 2020. 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 titled “DBRS Publishes Updated Capital Goods Dealership Methodology” dated May 10, 2019, DBRS Morningstar is changing its corporate methodologies to an overlay format. The critical rating factors 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. The corporate overlay format has been modified slightly for public finance entities, including universities.

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For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.
DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

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