Morningstar DBRS Publishes Updated Global Methodology for Rating Debt Issued by Investment Funds, Appends Appendix II—Rating Credit Funds

Morningstar DBRS published an updated version of the “Global Methodology for Rating Debt Issued by Investment Funds” (the Methodology). The Methodology presents the criteria for which investment fund debt and subscription loans credit ratings are assigned and/or monitored. The Methodology also presents the criteria for how credit fund ratings are assigned and/or monitored.

Morningstar DBRS has conducted a periodic review of the Methodology. This update supersedes the previous version published on February 23, 2024, and is effective as of May 1, 2024. Morningstar DBRS deems the update not to be material and has determined that no ratings are expected to change as a result of this update.

In this update of the Methodology, Morningstar DBRS has included its “Rating Credit Funds” methodology as an appendix (the Appendix). Previously, the Appendix was a standalone methodology. This relocation of the Appendix does not result in any material change to the Appendix itself or the rating analysis details within the Appendix. In conjunction with the publication of the Methodology, Morningstar DBRS will withdraw and archive its “Rating Credit Funds” methodology.

Notes:
Morningstar DBRS methodologies are publicly available on its website dbrs.morningstar.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.