More EPCO Members Get Access to Morningstar DBRS’ Credit Ratings Data

FRANKFURT, May 2, 2024 -- DBRS Ratings GmbH (Morningstar DBRS) and Deutsche Bundesbank signed an agreement under the framework of the Eurosystem Procurement Coordination Office (EPCO) to renew a full subscription to RatingsNow, effective May 2, 2024. RatingsNow is an automated ratings feed of Morningstar DBRS’ ratings universe and fully integrable into organizations’ internal databases.

“Today’s agreement will ensure delivery of high-quality credit ratings data to additional members of the European System of Central Banks (ESCB), and Single Supervisory Mechanism (SSM), and other institutions covered by EPCO,” said Detlef Scholz, Morningstar DBRS President. “The incorporation of Morningstar DBRS’ credit ratings data is expected to support opinion diversity and depth to financial evaluations conducted by participating EPCO members.”

Borja Romaguera, Vice President of Morningstar DBRS Business Development, added: “Our expanded data relationship with EPCO members will help support both investor and issuer services, providing access and acceptance of Morningstar DBRS credit ratings across key Eurosystem stakeholders.”

While this new agreement extends the access to RatingsNow to additional EPCO members, these members already had and continue to have access to Morningstar DBRS’ various other products such as research, issuer reports and other credit insights.

In Europe, Morningstar DBRS rates the majority of Eurozone sovereigns, and many of the leading banking groups and corporations, in addition to a large portion of structured finance transactions. Morningstar DBRS is the key provider of European structured finance ratings and research, not only in the markets and asset classes, where it has been recurrently the market leader. Considering Morningstar DBRS’ decades-long leadership in Canada, it is now aiming to build a similar status for corporate finance ratings in Europe where it has impressively invested and increased its coverage step-by-step, not only in the number of issuers it rates but also in the variety of corporate finance subsectors it evaluates.

About EPCO

As part of its activities, the Eurosystem Procurement Coordination Office (EPCO) is in charge of coordinating procurement activities for central banks of the European System of Central Banks (ESCB), as well as other entitled non-ESCB institutions.

More information about EPCO is available at: www.epco.lu

About Morningstar DBRS

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Its approach and size allow it to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with Morningstar DBRS because of its agility, tech-forward approach, and exceptional customer service.

Morningstar DBRS is the next generation of credit ratings. To learn more, visit dbrs.morningstar.com.

For more information about this press release, please contact Dennis Ferreira at European.Communications@morningstar.com.

DBRS Ratings GmbH
Neue Mainzer Straße 75
60311 Frankfurt am Main Deutschland
Tel. +49 (69) 8088 3500
Geschäftsführer: Detlef Scholz
Amtsgericht Frankfurt am Main, HRB 110259