DBRS gets regulatory approval for Europe

European authorities have granted rating agency DBRS official status as an External Credit Assessment Institution (Ecai), which enables its ratings to be used to assess capital risk weightings under Basel II.

DBRS is the fourth rating agency to win Ecai recognition, alongside Moody’s Investors Service, Standard & Poor’s and Fitch Ratings.

In order to gain Ecai status, DBRS had to prove its methodologies were sufficiently objective, independent, credible and transparent, as well as subject to ong

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