Beggars can’t be choosers - Assistant Vice President Morningstar DBRS Employee Review

Thank you for taking the time to share your feedback. It’s unfortunate that you have a negative view of our Canadian operations. I’d like to point out a few things which you may not be aware of. First, our voluntary attrition in Canada last year was 16%, which is equal to the average across all companies in Canada. Over the last 4 months, that number has dropped to 11%. Second, we recently presented the results of the employee engagement survey at our regional town halls and hope you attended. You would have learned that several actions are already underway, and more are in the works as we look to improve employee engagement. Third, we continue to attract and retain people with competitive market based salaries based on salary survey data and research through our recruiting efforts. We believe DBRS is stronger now than any other time in our history and hope you will recognize that over time.