DBRS Morningstar Publishes Three Updated Methodologies for Rating Companies in the Printing, Publishing, and Broadcasting Industries

DBRS Morningstar published updated versions of three corporate methodologies (the Methodologies) as follows:

-- Rating Companies in the Printing Industry,
-- Rating Companies in the Publishing Industry, and
-- Rating Companies in the Broadcasting Industry.

DBRS Morningstar has conducted a periodic review of the Methodologies. These updates supersede the previous versions published in March 2019 and are effective as of March 20, 2020. DBRS Morningstar deems these updates not to be material and has determined that no ratings are expected to change as a result of these updates.

As discussed in the press release for the “Rating Companies in the Capital Goods Dealership Industry” methodology dated May 10, 2019, DBRS Morningstar is changing its corporate methodologies to an overlay format. The business risk assessment and financial risk assessment will now blend into a core assessment, which will then be adjusted, as needed, for industry-specific and general overlay factors to determine an issuer rating. For further details, please see the May 10, 2019, press release referred to above.

Notes:
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

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.