Press Release

DBRS Morningstar Publishes Updated Railway Methodology

Transportation
January 26, 2021

DBRS Morningstar published an updated version of “Rating Companies in the Railway Industry” (the Methodology).

DBRS Morningstar has conducted a periodic review of the Methodology.

No material changes to the Methodology were made. Accordingly, no ratings are expected to change as a result of this update.

This update supersedes the previous version published on January 24, 2020, and is effective as of January 26, 2021.

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.dbrsmorningstar.com under Methodologies & Criteria.

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