DBRS Morningstar Publishes Updated Global Methodology for Rating Companies in the Automotive Manufacturing and Supplier Industries

DBRS Morningstar published an updated version of “Global Methodology for Rating Companies in the Automotive Manufacturing and Supplier Industries” (the Methodology).

DBRS Morningstar notes that the the Diversification (Product) qualitative business risk assessment component applicable to Automotive Manufacturers has been expanded such that it now also addresses the progressively increasing number of product offerings consisting of alternative powertrain vehicles, including electric vehicles.

DBRS Morningstar has conducted a periodic review of the Methodology. This update supersedes the previous version published on October 14, 2022, and is effective as of October 11, 2023. DBRS Morningstar deems the update not to be material and has determined that no credit ratings are expected to change as a result of this update.

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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].