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Morningstar to buy Canadian debt-rating agency DBRS for $669-million

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Morningstar signs deal to buy Canadian debt-rating agency DBRS for US$669-million GlobeBusiness

Morningstar says DBRS, formerly known as the Dominion Bond Rating Service, will continue to be led by its existing management team.DBRS, which is based in Toronto, employs more than 500 people across seven locations around the world.

Founded in 1976, it was acquired by the Carlyle Group and Warburg Pincus in 2015. Terms of the deal were not disclosed at the time.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to

 

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