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Recent Articles

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Morningstar DBRS affirms Mexico's BBB credit rating and stable outlook, predicated on government commitment to sustainable public finances; nation's potential growth should be similar to past performance but nearshoring poses opportunity for its prospects

Morningstar DBRS confirms Canadian National Railway at A with stable trends, expects earning profile to remain solid and revenues to grow to above C$18B in 2024 and above C$20B in 2025, helped by price increases and recovering volume growth

Morningstar confirms Ryder's long-term issuer rating at A, reflecting its significant commercial fleet management franchise and solid earnings generation; despite declining used truck values, company's credit and operational risks are well-managed

Morningstar confirms Home Depot's issuer rating at A following announcement to acquire SRS Distribution for US$18.25B, which should have moderately positive effect on risk profile; analyst raises fiscal 2025 total revenues forecast to US$162B from US$152B

Morningstar assigns Estee Lauder US$210 fair value estimate, indicating 36% upside, noting its preferred vendor status in brick-and-mortar, digital channels; premiumization trends poised to benefit Estee, as consumers upgrade to better-quality ingredients

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