Middle Market Outlook Remains Guarded Amid Rising Bank Stress
At this time, we view the direct impact from any loss of access to critical cash resources by a rated borrower as low. Accordingly, we do not anticipate any near-term rating actions to be triggered by these events. However, our outlooks for middle market operating conditions in the U.S. and Europe remain guarded given rising economic headwinds that may increase pressure on growth and operating profitability. We believe that rating downgrades for middle market borrowers remain more likely than upgrades over the next year.
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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