Global Macroeconomic Scenarios: Application to Credit Ratings
As the COVID-19 pandemic spreads and its consequences unfold, it is hard to anticipate the ultimate impact on the variables which drive credit quality. In the context of this highly uncertain environment and for the sake of transparency, DBRS Morningstar released on April 16th, 2020 a set of . The moderate and the adverse scenarios are being used in the context of our rating analysis, with the moderate scenario serving as the primary anchor for current ratings (the baseline or base case scenario), and the adverse scenario serving as a benchmark for sensitivity analysis for the same ratings (the downside scenario).
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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