Terms and Conditions

This website (the "Site") is owned and operated by DBRS Limited, DBRS, Inc., and DBRS Ratings Limited (collectively referred to on the Site as "DBRS"). This Terms and Conditions of Use contains the terms, covenants, conditions, and provisions pursuant to which users may access and use the Site and the analyses, disclosures, facts, statements, and other information (the "Content") displayed on the Site.

1. Access and use of the Site by subscribers to the Site, including the use of usernames and passwords, is further subject to the terms and conditions of any applicable Subscription Agreement between DBRS and you or your organization.

2. Users are advised that none of the Content on the Site should be considered as an offer to sell securities or a solicitation of an offer to buy securities in any jurisdiction. None of the Content on the Site constitutes, and under no circumstances is it to be construed as, an offering memorandum, sales prospectus, or advertisement of a public or private offering of securities.

3. By accessing this Site, users agree not to: (i) attempt to violate the security of the Site, (ii) interfere with the operation of the Site, or (iii) attempt any action that may impose an unreasonable or disproportionately large load or burden on the Site.

4. In addition to the Terms and Conditions of Use, the rights of subscribers to the Site are governed by the terms and conditions of the applicable Subscription Agreement. In the event of any conflict between this document and the Subscription Agreement, the Subscription Agreement shall govern (without limitation, a conflict shall not include the failure of the Subscription Agreement to cover a matter covered herein).