Press Release

DBRS Morningstar Publishes Updated Global Methodology for Rating Sports Franchises, Leagues and Stadium Financings

Consumers, Project Finance
February 28, 2023

DBRS Morningstar published an updated version of “Global Methodology for Rating Sports Franchises, Leagues and Stadium Financings” (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.

The updated Methodology explicitly incorporates rating sports leagues in the Business Risk Assessment rating tables in the Sports Franchise section of the Methodology. The Methodology also explicitly addresses rating stadiums/arenas without anchor sports franchise tenants in the Stadium Financing section of the Methodology.

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on February 3, 2022, and is effective as of February 28, 2023. 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].