Morningstar DBRS Publishes Final Global Methodology for Rating Government-Related Entities

Morningstar DBRS finalized its Global Methodology for Rating Government-Related Entities. This Methodology presents the criteria for which Government-Related Entities' ratings are assigned and/or monitored.

The Methodology supersedes the prior version published on April 15, 2024 and is effective as of June 2, 2025.

No comments were received during the Request for Comment Period.

Changes to the methodology were made to address some additional analytical considerations relevant to government-related entities that function as insurance funds, particularly deposit insurance (or guarantee) funds. This includes the potential for some GREs to benefit from liquidity support from a national monetary authority or a higher-tier government. No public ratings will be affected by the methodology change.

All comments received during the request for comment period have been published to the Morningstar DBRS website, except in cases where confidentiality is requested by the respondent.

Notes:
Morningstar DBRS methodologies are publicly available on its website http://www.dbrs.morningstar.com under Methodologies & Criteria.

For more information on this methodology or on this industry, visit http://www.dbrs.morningstar.com or contact us at info-DBRS@morningstar.com