Morningstar DBRS
A global credit rating agency, owned by Morningstar, rating sovereigns, financial institutions, corporates and structured finance.
At a glance
- Entity level
- Organisation
- Type
- Subsidiary company
- Owner
- Morningstar
- Also known as
- DBRS
- Flagship output
- Sovereign outlook (latest: 2026 sovereign outlook, 25 November 2025)
- Category
- Sovereign & country risk ratings
- Also covers
- Macro-economic forecasting
- Tier
- Tier 2: Fourth-largest global rater; sovereign scorecards and macro scenarios
- Headquarters
- Toronto, Canada
- Coverage
- Sovereign ratings, global macro scenarios
- Public access
- Mixed
- Latest activity seen
- 25 Nov 2025
- Evidence
- Verified
How it produces intelligence
Ratings committees applying sovereign methodology and scorecards, supported by baseline macroeconomic scenarios for rated sovereigns.
Risk themes
Focus regions
Links
What it publishes
| Output | Type | Cadence | Latest edition | Date | |
|---|---|---|---|---|---|
| Sovereign outlook | Annual outlook | Annual | 2026 sovereign outlook | 25 Nov 2025 | Visit site |
| Baseline Macroeconomic Scenarios for Rated Sovereigns | Forecast platform | Quarterly | March 2025 update (latest seen) | Mar 2025 | Read report |
| Sovereign ratings | Ratings | Continuous | Read report |
Latest findings
Recent public risk calls by Morningstar DBRS, summarised in our own words. They are its views, not 311's. Follow each source for the original.
Neutral outlook for sovereign ratings in 2026: of 45 public ratings, 42 stable, three negative and none positive.
25 Nov 2025 · Horizon: 2026 · Source: DBRS com perspetiva neutra para dívidas soberanas (ECO)Expects over 90% of sovereign ratings unchanged over the next year; another year of upgrades outnumbering downgrades is unlikely.
25 Nov 2025 · Horizon: next 12 months · Source: DBRS com perspetiva neutra para dívidas soberanas (ECO)Warns of elevated recession risk from trade policy, geopolitical tension and fiscal imbalances; large advanced-economy deficits limit room to respond.
25 Nov 2025 · Horizon: 2026 · Source: DBRS com perspetiva neutra para dívidas soberanas (ECO)
Questions about Morningstar DBRS
What is Morningstar DBRS?
A global credit rating agency, owned by Morningstar, rating sovereigns, financial institutions, corporates and structured finance.
How does Morningstar DBRS produce its intelligence?
Ratings committees applying sovereign methodology and scorecards, supported by baseline macroeconomic scenarios for rated sovereigns.
Where is Morningstar DBRS based?
Morningstar DBRS is based in Toronto, Canada.
What does Morningstar DBRS cover?
Its work covers sovereign & credit, macroeconomy, financial stability, trade & supply chains, with a focus on Global, Europe, North America.
Profile compiled by the 311 Strategic Intelligence Unit from public sources. Last checked 21 Oct 2026. Listing is not a ranking or an endorsement. Evidence source. Is this your organisation? Request a correction.