DBRS Appoints Stephen W. Joynt as Interim Chief Executive Officer

TORONTO, Aug. 29, 2016 /PRNewswire/ -- DBRS, Inc. ("DBRS"), the global provider of timely credit rating opinions and related information, today announced that Stephen W. Joynt, executive chairman of DBRS Group, has been appointed interim Chief Executive Officer ("CEO") of DBRS, effective today.

Mr. Joynt will continue to serve as Executive Chairman of DBRS Group.  He previously served as the President and CEO and board member of Fitch Ratings for 10 years.  Daniel Curry, who has served as CEO of DBRS since December 2013, will leave the company to pursue other interests.

"Over the past several years, DBRS has strengthened its position in the global credit ratings industry, enhancing its products and services and expanding its customer base," said John Redett, Managing Director and Co-Head of Carlyle's Global Financial Services group.  "We thank Dan for his service and dedication to the company and wish him well in his new endeavors." 

"We are pleased to appoint Steve as interim CEO to lead and support the company as it continues to expand, and we look forward to working together to identify additional leadership for the future," said Cary Davis, Managing Director, Warburg Pincus.

Mr. Joynt commented, "I look forward to working more directly with the management team while continuing to coordinate closely with my fellow board members to advance the company in our next phase of growth."

About DBRS

DBRS is a global provider of timely credit rating opinions and related information, offering objective, transparent and insightful risk analysis and opinion across a broad range of financial institutions, corporate entities, government bodies and various structured finance product groups in North America, Europe, Australasia and South America. DBRS currently rates more than 1,000 different companies and single-purpose vehicles that issue commercial paper, term debt and preferred shares in the global capital markets. Based in Toronto, with offices in New York, Chicago and London, DBRS serves a diverse customer base including issuers, regulators, investors and intermediaries.  The parent company of DBRS is DBRS Group (aka Ratings Acquisition Corp).  For more information, visit http://www.dbrs.com.

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SOURCE DBRS