Global Credit Insights from Morningstar DBRS - June 2025

This publication highlights some of the most pertinent research issued by Morningstar DBRS for the global market as follows:

-- Ontario's Nuclear Outlook Brightens: Proposed Regulatory Amendments Seen as Credit Positive for SMRs and Refurbishments
-- European Capital Markets Revenues Reached Record Highs in Q1 Boosted by Elevated Volatility and Despite Global Uncertainty
-- North America Macroeconomic Update: On-and-Off Tariff Policy Weakens the Outlook
-- Spanish Reperforming Loans Taking the Limelight
-- France's 2025 in Structured Finance So Far: Near the Top
-- Germany's 2025 in Structured Finance So Far: CMBS Returns
-- The United Kingdom's 2025 in Structured Finance So Far: Auto ABS Still Standing
-- Italy's 2025 in Structured Finance So Far: NPLs on the Decline
-- U.S. RMBS Frontline Perspectives: Mortgage Rates Inch Up, Housing Sluggish, RMBS Volumes Solid
-- Morningstar DBRS Ratings Activity