Morningstar To Acquire Credit Ratings Agency DBRS For $669 Mln – Quick Facts | Markets Insider

(RTTNews) – Morningstar, Inc. (MORN), a leading provider of independent investment research, agreed to acquire DBRS, the world’s fourth-largest credi


U.S. based independent investment research provider, Morningstar, Inc. (NASDAQ: MORN) has inked a deal to acquire Canada-based credit ratings agency DBRS for $669 million to accelerate its credit ratings business in the U.S. With the addition of DBRS, Morningstar’s credit ratings U.S. business will expand global asset class coverage and provide an enhanced platform for providing investors with leading fixed-income analysis and research. Morningstar intends to fund the transaction with a combination of cash and debt. The deal is expected to close in Q3 2019.