Press Release

DBRS Morningstar Publishes Updated Global Methodology for Rating Sovereign Governments

July 09, 2021

DBRS Morningstar published an updated version of the Global Methodology for Rating Sovereign Governments.

With this update, a few minor clarifications have been incorporated into the text. In particular, we have provided additional information on how DBRS Morningstar takes into account the impact of Environmental, Social and Governance (ESG) factors on sovereign credit ratings. For more information on ESG, see DBRS Morningstar Criteria: Approach to Environmental, Social and Governance Factors in Credit Ratings (

DBRS Morningstar has conducted a periodic review of the Global Methodology for Rating Sovereign Governments. This update supersedes the previous version published on July 27, 2020 and is effective as of July 9, 2021. 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.

DBRS Morningstar methodologies are publicly available on its website under Methodologies & Criteria.

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