DBRS Morningstar Publishes Updated Canadian Long-Term Care Methodology

DBRS Morningstar published an updated version of Rating Companies in the Canadian Long-Term Care Industry (the Methodology).

DBRS Morningstar conducted a periodic review of the Methodology. No material changes to the Methodology were made. Accordingly, no ratings are expected to change as a result of these updates; however, per the Methodology, issuer ratings will now be assigned, generally at the unsecured debt rating level. DBRS Morningstar expects to assign such issuer ratings in the next several days.

This update supersedes the previous version published on October 8, 2019, and is effective as of September 9, 2020.

Notes:
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 [email protected].