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Stock impact report

Morningstar DBRS Marks 50 Years of Credit Ratings; Advances Global Methodology Program and Asia-Pacific Growth

Morningstar, Inc. (MORN) 
Company Research Source: Business Wire
TORONTO--(BUSINESS WIRE)--This year, Morningstar DBRS, a subsidiary of Morningstar, Inc. (Nasdaq: MORN), commemorates 50 years of delivering independent credit ratings and research to the market, a journey that began in April 1976 when Walter Schroeder founded Dominion Bond Rating Service (DBRS) in Toronto.“From our beginnings in Toronto, Morningstar DBRS has helped shape the Canadian credit markets with rigorous analysis and transparent opinions. That legacy continues as we focus on following our clients and issuance into new asset classes and adjacent markets with the trust of transparent, globally consistent criteria that give investors clarity,” said Richard Sibthorpe, Head of Canada and Global Investor Strategy.The firm expanded to the U.S. in 2003 and Europe in 2005, laying the groundwork for a global footprint that now serves issuers and investors across key markets. In 2019, Morningstar, Inc. acquired DBRS and combined capabilities to establish Morningstar DBRS as one of t Show less Read more
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