 | |
| Company type | Subsidiary |
|---|---|
| Industry | |
| Predecessor | DBRS, Dominion Bond Rating Service |
| Founded | 1976 |
| Founder | Walter Schroeder |
| Products |
|
| Parent | Morningstar, Inc. |
| Divisions |
|
| Website | dbrs |
Morningstar DBRS is a global credit rating agency with offices in Toronto, New York, Chicago, London, Frankfurt and Madrid. Morningstar DBRS provides independent credit rating services for financial institutions, corporate and sovereign entities and structured finance products and instruments. It was originally founded as Dominion Bond Rating Service in Toronto in 1976, and its operations were integrated with Morningstar Credit Ratings to form Morningstar DBRS after its acquisition by the global financial services firm Morningstar, Inc. in 2019.[1][2] It is the largest rating agency in Canada.
Morningstar DBRS is the fourth-largest credit rating agency by global market share, with between 2% and 3% of global market share.[3] The company is one of only four CRAs, including Standard & Poor's, Moody's Investors Service, and Fitch Ratings, to be recognized as an external credit assessment institution by the European Central Bank (ECB).[4] In recent years, Morningstar DBRS' sovereign ratings on European nations, including Portugal, Ireland and Italy, were used by the ECB for such purposes.[5]
- ^ Banerji, Gunjan (29 May 2019). "Morningstar Looks to Expand Ratings Business with DBRS Deal". Wall Street Journal.
- ^ "Morningstar DBRS".
- ^ Martin, Timothy W. (2015-03-02). "Carlyle, Warburg to Go After Big Three Ratings Firms With DBRS Purchase". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-03-19.
- ^ "External Credit Assessment Institutions (ECAI) - European Banking Authority". www.eba.europa.eu. Archived from the original on 2018-08-15. Retrieved 2018-03-19.
- ^ Wise, Peter (2017-04-21). "Portugal retains investment-grade rating at DBRS". Financial Times. Archived from the original on 2022-12-11. Retrieved 2018-03-19.