Press Release

DBRS Releases Updated Business Code of Conduct

June 04, 2009

DBRS has today released its updated Business Code of Conduct (DBRS Business Code), which reflects its adherence to the International Organization of Securities Commissions Code of Conduct Fundamentals for Credit Rating Agencies (IOSCO Code) as well as other regulatory requirements and best business practices. The IOSCO Code is a framework of practical measures designed to improve investor protection and the fairness, efficiency and transparency of the securities markets and to reduce systemic risk.

DBRS believes the IOSCO Code serves as an appropriate foundation for prudent regulatory oversight in all jurisdictions and that the DBRS Business Code achieves the objectives and principles exemplified by the IOSCO Code.

The DBRS Business Code is publicly available on our website at