Morningstar DBRS Publishes Updated Global Methodologies for Rating Companies in the Merchandising Industry

Morningstar DBRS published an updated version of Global Methodology for Rating Companies in the Merchandising
Industry.

Morningstar DBRS conducted a periodic review of Global Methodology for Rating Companies in the Merchandising
Industry. This update supersedes the previous version published on April 15, 2024, and is effective as of June 20, 2024. Morningstar DBRS deems the update not to be material and determined that no ratings are expected to change as a result of this update.

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.