DBRS Morningstar Finalizes North American and European Corporate Credit Estimate Model

DBRS Morningstar finalized its North American and European Corporate Credit Estimate Model, formerly the U.S. Corporate Credit Estimate Model.

-- The U.S. Corporate Credit Estimate Model is renamed North American and European Corporate Credit Estimate Model.
-- The North American and European Corporate Credit Estimate Model is approved for use in Europe to analyze European borrower default probabilities.
-- The EU Corporate Credit Estimate Model is archived.
-- The North American and European Corporate Credit Estimate Model will be used as a singular model to assess the default risk of corporate debt issuers in the U.S., Canada, Europe, and the U.K.

DBRS Morningstar expects there will be no impact on existing European or U.S. credit estimates as a result of the nonmaterial updates.

For more information on credit estimates, please refer to following commentaries:
“A Guide to DBRS Morningstar Corporate Credit Estimates” (https://www.dbrsmorningstar.com/research/383545) and “Credit Estimates and Assessing Borrower Default Probabilities in CLOs” (https://www.dbrsmorningstar.com/research/383547).

All comments received during the request for comment period have been published to the DBRS Morningstar website, except in cases where confidentiality is requested by the respondent.

Notes:
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].