Morningstar DBRS’ credit ratings are now directly embedded in BNY’s Global Collateral platform, furthering our position as one of the top four global rating agencies by enhancing eligibility customization and expanding the universe of rated securities available for collateral allocation. This integration unlocks a substantial volume of Canadian fixed-income and U.S. structured fixed-income assets, which can now be evaluated for allocation to trades with rating criteria on BNY’s platform.
BNY’s Global Collateral platform is the world’s leading triparty platform, a US$7.4 trillion infrastructure serving 760+ clients globally across the Americas, Europe, the Middle East and Asia Pacific. Built for scale, diversity, and resilience, it supports a wide range of financing activities including repo, securities lending, margin segregation, and securitized notes.
“The addition of Morningstar DBRS to BNY’s Global Collateral platform is a clear signal that sophisticated institutions want more than the legacy ratings playbook. Our inclusion widens the universe of eligible securities that will benefit from our transparent, investor-focused ratings. It strengthens our relationship with BNY and underscores our commitment to offering the market a credible, independent alternative.”
- Kunal Kapoor, CEO, Morningstar Inc.
“By integrating Morningstar DBRS and expanding our rated universe, we are unlocking new opportunities for clients and reinforcing market resilience.
- Simon Squire, Managing Director, Product Lead for the Global Collateral Platform at BNY
Read the press release
For Investors
Morningstar DBRS's inclusion in BNY's Global Collateral Platform increases liquidity for investors who hold Morningstar DBRS long-term rated debt securities. Up until now, a long-term debt security rated by Morningstar DBRS would not have been accepted for valuation purposes within BNY's platform. This change enables investors to manage their portfolios more efficiently, especially when holding securities that are only rated by Morningstar DBRS.
For Issuers
BNY's recognition of Morningstar DBRS credit ratings in its Global Collateral Platform enhances liquidity and broadens the potential pool of investors for debt issuers around the world. In the context of the triparty repo market, Morningstar DBRS credit ratings will now be used to set counterparty limits and eligibility, calculate margins and haircuts, price repo trades, and support internal risk management and stress testing.
For Dealers
This update to BNY's platform enables dealers to obtain large-scale and cost-effective secured financing while outsourcing collateral management and settlement to BNY. The inclusion of Morningstar DBRS credit ratings also drives collateral efficiency for dealers that supports secondary pricing and position risk management.
global securities rated
in rated debt across financial markets*
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Contacts
Richard Sibthorpe
Head of Canada & Global Investor Strategy - Credit Ratings Leadership
+(1) 437 774 9132
richard.sibthorpe@morningstar.com
Sean O'Connor
Managing Director, Global Head of Business Development - Credit Ratings Leadership
+(1) 212 806 3252
seanp.oconnor@morningstar.com
Michael Natale
Vice President, Global Business Development
+(1) 312 771 2694
michael.natale@morningstar.com
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