DBRS Morningstar is a global credit rating agency founded in Toronto in 1976 as the Dominion Bond Rating Service by Walter Schroeder. Morningstar, Inc. acquired the firm in a cash-and-stock transaction worth roughly 700 million dollars, announced in May 2019 and completed that July, merging it with Morningstar Credit Ratings to form the present combined agency. It now operates from offices in Toronto, New York, Chicago, London, Frankfurt and Madrid, provides independent credit ratings for financial institutions, corporations, sovereigns and structured finance products, and ranks as the fourth largest credit rating agency in the world by market share, one of only four rating agencies recognized as an external credit assessment institution by the European Central Bank.
Facts
Founding YearSourced to the subject's own account1976 is the founding year of Dominion Bond Rating Service (DBRS), which became Morningstar DBRS after Morningstar's 2019 acquisition; this entity records the DBRS lineage. HeadquartersSourced to the subject's own account Classification
Institution SubtypeSourced to the subject's own account Sources
1. DBRS Morningstar (Wikipedia)
Wikipedialead paragraph, founding clause
It was originally founded as Dominion Bond Rating Service in Toronto in 1976
lead paragraph, founding clause (place name)
It was originally founded as Dominion Bond Rating Service in Toronto in 1976
Introduction, institution-subtype
DBRS Morningstar is a global credit rating agency founded in Toronto in 1976 as the Dominion Bond Rating Service by Walter Schroeder.
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