Press Release

DBRS Morningstar Releases Updated Corporate Risk Assessment Scorecard for the Consumer Products Industry

Consumers
July 20, 2023

DBRS Limited (DBRS Morningstar) released updated business and financial risk assessment scorecards for publicly rated entities in the consumer products industry, which reflect rating actions as of July 17, 2023.

ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/416784 (July 4, 2023).

Notes:
DBRS Morningstar applied the following principal methodology:
-- Global Methodology for Rating Companies in the Consumer Products Industry (September 2, 2022; https://www.dbrsmorningstar.com/research/402329)

The credit rating methodologies used in the analysis of this transaction can be found at: https://www.dbrsmorningstar.com/about/methodologies.

A description of how DBRS Morningstar analyzes corporate finance transactions and how the methodologies are collectively applied can be found at: https://www.dbrsmorningstar.com/research/397223.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at [email protected].

The conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. DBRS Morningstar trends and credit ratings are under regular surveillance.

Information regarding DBRS Morningstar credit ratings, including definitions, policies, and methodologies, is available on www.dbrsmorningstar.com or contact us at [email protected].

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