Press Releases; Governance & Regulatory Affairs
DBRS Issues Corporate and Structured Finance Transition and Default Studies
DBRS has today issued its 2009 Rating Transition and Default Studies for both the Corporate and the Structured Finance areas. The Corporate study is the sixth annual default and fourth rating transition update. In the case of Structured Finance, this is the fourth rating transition and the second default update. Both studies demonstrate a positive relationship between the quality and stability of DBRS credit ratings and provide transition performance data for a variety of time horizons and industry and product sectors.
The rating transitions presented in the Structured Finance study represent securities issued primarily in Canada and the United States and, to a lesser degree, Europe in the following sectors: asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS) and medium-term notes issued by asset-backed commercial paper (ABCP) conduits. For the Corporate area, detail is provided for the individual areas of industrials, financial services, public finance, insurance companies and sovereign credit performance.
DBRS is a full-service credit rating agency established in 1976. Privately owned and independent, DBRS offers in-depth credit analysis of corporate, financial institutions and government issues in North America, Europe, Asia and Latin America. DBRS’s extensive coverage of corporate and structured finance has solidified its standing as a leading provider of comprehensive, in-depth credit analysis.
If you are interested in receiving a copy of this study, please email info@dbrs.com.