DBRS Morningstar Publishes Updated Methodology for Rating Companies in the Oil and Gas and Oilfield Services Industries

DBRS Morningstar published an updated version of its “Rating Companies in the Oil and Gas and Oilfield Services Industries” methodology, hereafter referred to as the “Global Methodology for Rating Companies in the Oil and Gas and Oilfield Services Industries” (the Methodology). In accordance with the discussion in the press release entitled “DBRS Morningstar Publishes Five Final Corporate Methodologies and Clarifies Geographic Scope of Certain Corporate Methodologies” dated August 29, 2022, the title of this Methodology has changed from the prior year.

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on August 16, 2021, and is effective as of August 31, 2022. 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 on this methodology or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].