Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

DBRS Ratings Is Said to Hire Adviser to Explore Sale of Company

DBRS Ltd., the Toronto-based ratings firm, has hired Perella Weinberg Partners LP to explore strategic alternatives including a sale of the company, according to a person with direct knowledge of the matter.

Owner Walter Schroeder, who founded the company in 1976 and is now in his 70s, is seeking a sale or a partner for DBRS as part of estate planning, the person said today. Private equity firms are among potential bidders, said the person, who asked not to be identified as the matter hasn’t been made public.

DBRS has offices in Toronto, Chicago, New York and London and employs about 400 people. It has a 2 percent share in the credit ratings market dominated by Moody’s Investors Service and Standard & Poor’s.

Stephen Bernard, a spokesman for DBRS in New York, declined to comment on a potential sale, first reported by Reuters earlier today. Perella Weinberg spokeswoman Kara Findlay declined to comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.