DBRS Morningstar Releases 2020 Corporate Finance and Structured Finance Rating Transition and Default Studies

DBRS Morningstar released its 2020 DBRS rating transition and default studies for corporate finance and structured finance. The corporate finance study is the 16th annual default and 15th rating transition update. The structured finance study is the 13th annual default and 15th rating transition update. Please refer to the appropriate study for a detailed analysis of the corporate issuers and structured finance transactions rated by DBRS Morningstar.

The rating transitions presented in the structured finance study represent securities issued in Canada, the United States, and Europe in the following sectors: asset-backed securities, commercial mortgage-backed securities, residential mortgage-backed securities, medium-term notes issued by asset-backed commercial paper conduits, and structured credit transactions. In the corporate finance study, detail is provided for the individual areas of corporate, financial services, public finance, insurance, and sovereigns credit performance.

DBRS Morningstar is a global credit ratings business with approximately 700 employees in eight offices worldwide.
DBRS Morningstar is the world’s fourth-largest credit ratings agency and a market leader in Canada, Europe, and the U.S. in multiple asset classes. DBRS Morningstar rates more than 3,000 issuers and nearly 60,000 securities worldwide and strives to bring more clarity, diversity, and responsiveness to the ratings process. DBRS Morningstar’s approach provides the agility to respond to customers’ needs while its size provides the necessary expertise and resources.

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The studies are available at www.dbrsmorningstar.com.

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