Commentary

Global IT Outage: Widespread Disruption to Corporates and Financial Services: Lasting Impact is Limited

Energy, Services, Consumers

Summary

Morningstar DBRS notes that today's widespread disruption across a variety of corporate and financial sectors globally will lead to increased costs for a number of businesses.

In our commentary, we have looked at the impact on various sectors including airlines, airports, travel insurance, financial services, broadcasters, retailers and consumer products, automobiles, services, and business interruption insurance.

"While the impact is acute in a number of sectors, we do not expect it to have a lasting effect. Therefore, from a credit perspective, we expect the disruption to have a limited impact across our rated universe," notes Elisabeth Rudman, Managing Director. "However, we expect the incident to raise regulatory questions about the oligopolistic nature of critical IT infrastructure globally."