Dominion Bond Rating Service reports that it has received approval from the Office of the Superintendent of Financial Institutions, allowing banks to use its ratings in calculating their capital adequacy requirements under Basel II.

DBRS has received External Credit Assessment Institution recognition from OSFI. This status allows Canadian banks to use DBRS’s credit ratings for capital adequacy purposes in the standardized and securitization ratings based approaches in each of the three main market segments: public finance, corporate entities and structured finance (including securitization).

Based in Toronto, DBRS is a recognized, international rating agency, offering in-depth credit analysis of corporate, financial institutions and government issues in North America, Europe, Asia and Latin America. It also maintains offices in New York, Chicago, London, Frankfurt and Paris, and covers entities worldwide.