Press Release

DBRS Publishes 2015 Corporate and Structured Finance Rating Transition and Default Studies

April 04, 2016

DBRS has today published its 2015 Rating Transition and Default Studies for both Corporate and Structured Finance. The Corporate study is the 12th annual default and tenth rating transition update. In the case of Structured Finance, this is the tenth rating transition and the eighth default update. Please refer to the appropriate study for a detailed analysis of the corporate issuers and structured finance transactions rated by DBRS.

The rating transitions presented in the Structured Finance study represent securities issued in Canada, the United States and Europe in the following sectors: asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), medium-term notes issued by asset-backed commercial paper (ABCP) conduits and structured credit transactions. In the Corporate study, 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 that offers in-depth credit analysis of corporate, financial institutions and government issuers 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 these studies, please email info@dbrs.com or visit us at www.dbrs.com.