After shutting down its London office in January, 2008, bond rating firm DBRS Ltd. is poised to restart European coverage by hiring 10 analysts in London, according to Bloomberg.
Toronto-based DBRS currently has offices in Chicago and New York, and a London team is expected to be in place by the end of the year.
Eight analysts will work on structured finance and DBRS has plans to add bank and sovereign debt coverage in 2011.