Morningstar Buys Credit Rating Agency DBRS

Posted on 05/30/2019

Mutual fund information company Morningstar, Inc. signed a definitive agreement to acquire DBRS, a major credit ratings agency, for a purchase price of US$ 669 million. Morningstar plans to combine its U.S. credit ratings business with DBRS. DBRS reported US$ 167 million in revenue (translated from CAD) for the fiscal year ended November 30, 2018. […]