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Dominion Bond Rating Services (DBRS)

Canadian Credit Rating Agency DBRS to Be Sold

DBRS, the largest credit rating company in Canada, will be sold to a group of investors led by the private equity firms Carlyle Group and Warburg Pincus. Founded in 1976 as Dominion Bond Rating Service, DBRS has a much smaller market share than the “big three” credit rating agencies, Standard & Poor’s, Moody’s Investors Service and Fitch. The sale to ... Read More »

Diversity in Credit Ratings and Opinions is Hard to Achieve

There is a European effort underway to reduce the high level of concentration in the credit rating industry.  This however is easier said than done.   The Chairman of DBRS (Canadian Bond Rating Agency) writes in a recent commentary to the Financial Times:  “The newly implemented regulatory framework for rating agencies in Europe allows for the establishment of new entrants; however, ... Read More »