-DBRS Morningstar Changes Trend on Brock University to Negative, Confirms Ratings at A (high)
DBRS Limited (DBRS Morningstar) changed the trends on Brock University's (Brock or the University) Issuer Rating and Senior Unsecured Debentures rating to Negative from Stable.
DBRS Morningstar also confirmed both ratings at A (high).
The trend changes reflect DBRS Morningstar's understanding that Brock has been disproportionately affected by the Coronavirus Disease (COVID-19) pandemic as a result of increased competition for domestic students. This, in turn, has resulted in a...