DBRS reaches $100 bln milestone

Dominion Bond Rating Servicehas rated over $100 billion in U.S. ABS and RMBS transactions since opening its New York office last March, the company announced last week. Additionally, on 15% of the deals it rated, DBRS was one of two ratings. “The success of our ABS and RMBS teams demonstrates the strength of the DBRS rating,” said Managing Director Michael Nelson. “There is a growing acknowledgement of our position in the entire fixed-income market.”