Jan. 21, 2026 — Morningstar DBRS and BNY (NYSE: BK), a global financial services company, are pleased to announce that BNY has integrated Morningstar DBRS credit ratings into its Global Collateral platform, 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.
For issuers, the inclusion of Morningstar DBRS credit ratings on BNY’s Global Collateral platform provides additional value via enhanced liquidity, a larger investor pool and risk reduction, and is a significant milestone in Morningstar DBRS’ 50-year history, as well as its mission to empower investors by increasing liquidity for institutional investors and providing a scalable, standardized method to manage capital.
“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,” said Kunal Kapoor, chief executive officer of Morningstar. “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.”
The expansion builds on BNY’s ongoing advancements to eligibility frameworks – including the recent broadened support for asset classes such as Agency Mortgage-Backed Securities and Collateralized Loan Obligations – further increasing the collateral sources available to clients.
“This milestone reflects our commitment to innovation and client-centric solutions,” said Simon Squire, Managing Director, Product Lead for the Global Collateral platform at BNY. “By integrating Morningstar DBRS and expanding our rated universe, we are unlocking new opportunities for clients and reinforcing market resilience. This enhancement helps our clients access the tools they need to navigate dynamic markets with confidence.”
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.
About BNY
BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of December 31, 2025, BNY oversees $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
Contact:
Meghan Carbone
About Morningstar DBRS
Morningstar DBRS is a leading provider of independent credit rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,400 issuers and 64,000 securities, we are one of the top four credit rating agencies in the world and a market leader in Canada, the U.S., and Europe in multiple asset classes.
Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Morningstar DBRS' approach and size allow it to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.
For more information, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.
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Contacts:
Sean O’Connor
Michael Natale
Richard Sibthorpe