DBRS Morningstar: U.S. Consumer Finances on Solid Footing for 2020
DBRS, Inc. (DBRS Morningstar) published a commentary reviewing the U.S. consumer finance outlook for the upcoming year. The finances of the U.S. consumer are expected to remain healthy overall in 2020, as income growth continues to exceed household debt growth and interest rates remain low. This is also good for lenders, as many borrowers have improved their capacity to service their debt.
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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