DBRS Morningstar Publishes Updated Holdco and Hybrid Security Criteria

DBRS Morningstar published updated versions of the following criteria (the Criteria):

-- “DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers” and
-- “DBRS Morningstar Criteria: Rating Holding Companies and Parent/Subsidiary Relationships”

DBRS Morningstar has conducted a periodic review of the Criteria. These updates supersede the previous versions published on November 1, 2019, and November 25, 2019, respectively and are effective as of November 2, 2020. DBRS Morningstar deems the updates not to be material and has determined that no ratings are expected to change as a result of these updates.

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].