2021 DBRS Morningstar Corporate Finance Transition and Default Study
DBRS Morningstar's 16th corporate rating transition and 17th default study captures the history of DBRS Morningstar's corporate finance rating defaults from inception in 1976 through December 31, 2021, as well corporate finance rating transitions over the past one-, three-, and 10-year periods.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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