DBRS Limited (DBRS Morningstar) discontinued and withdrew the Issuer Rating and Unsecured Notes & Debentures rating of NOVA Chemicals Corporation (NOVA or the Company) at the request of the Company. DBRS Morningstar notes that the action to discontinue and withdraw the Company’s ratings is unrelated to NOVA’s credit profile.
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.
The principal methodologies are Rating Companies in the Industrial Products Industry (February 5, 2020), DBRS Morningstar Criteria: Guarantees and Other Forms of Support (January 22, 2020), and DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships (November 25, 2019), which can be found on dbrsmorningstar.com under Methodologies & Criteria.
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The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
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