DBRS Morningstar Publishes Updated Methodologies for Rating Companies in the Railway Industry and Rating Companies in the Airline Industry

DBRS Morningstar published two updated corporate finance methodologies (the Methodologies) as follows:

-- Rating Companies in the Railway Industry
-- Rating Companies in the Airline Industry

DBRS Morningstar has conducted a periodic review of the Methodologies. These updates supersede the previous versions published in January 2019 and are effective as of January 24, 2020. DBRS Morningstar deems the updates not to be material and has determined that no ratings are expected to change as a result of these updates.

Notes:
DBRS Morningstar methodologies are publicly available on its website www.dbrs.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.