Press Release

DBRS Publishes Updated Global Business Code of Conduct

May 30, 2016

DBRS has today updated its global Business Code of Conduct (Business Code). This update reflects DBRS alignment with the recently revised International Organization of Securities Commissions (IOSCO) Code of Conduct Fundamentals for Credit Rating Agencies (IOSCO Code) issued in March 2015 as well as updates to related DBRS policies, procedures and business practices since its last published Business Code. In addition to the Business Code, DBRS has established policies and procedures to meet specific jurisdictional regulatory requirements.

First published in 2004 and last revised in May 2008, the IOSCO Code is a framework of principles and practical measures designed to improve investor protection and the fairness, efficiency and transparency of the securities markets as well as to reduce systemic risk. Based on a comply-or-explain approach, the IOSCO Code is intended to work in harmony with jurisdictional Credit Rating Agency (CRA) registration and oversight programs and to continue operating as the international standard for CRA self-governance.

DBRS is a globally recognized provider of timely credit rating opinions that offer insight and transparency across a broad range of financial institutions, corporate entities, government bodies and various structured finance product groups.

The Business Code is publicly available on

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