DBRS Morningstar Publishes Updated Methodology for Rating Companies in the Communications Industry

DBRS Morningstar published an updated version of its “Rating Companies in the Communications Industry” methodology.

The Financial Risk Assessment (FRA) metric Debt-to-Capital has been removed as DBRS Morningstar considers it more a reflection of asset value rather than the ability to service debt.

DBRS Morningstar has conducted a periodic review of “Rating Companies in the Communications Industry.” This update supersedes the previous version published on July 30, 2020, and is effective as of July 27, 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.

Notes:
DBRS Morningstar methodologies are publicly available on its website www.dbrsmorningstar.com under Methodologies & Criteria.

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.

For more information on this methodology or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].