Rating Agency Developments

 

On May 29, Morningstar announced it had entered into a definitive agreement to acquire DBRS, the world’s fourth largest credit ratings agency, for a purchase price of $669 million. The transaction is expected to close in the third quarter of 2019. Press Release.

On May 24, Moody’s published its revised methodology for rating Vacation Timeshare Loan Securitizations. Methodology.