DBRS pulls BMW from review

DBRS said it confirmed the issuer rating of BMW AG as well as the senior unsecured debt rating of its subsidiary, BMW Canada Inc., at A (high).

DBRS said it forecasts BMW’s financial risk assessment will remain at levels commensurate with the existing ratings despite an expected softening of BMW’s credit metrics given the pandemic.

“With this rating action, BMW’s ratings are removed from under review with negative implications, where they were placed on March 27, 2020,” the agency said in a press release.

The trend is negative.

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