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ARCHIVE | General Criteria: Nonsovereign Ratings That Exceed EMU Sovereign Ratings: Methodology And Assumptions Apr 11
Standard & Poors, April 2011
Abstract
Guaranteed obligations and issuers, and corporate issuers with foreign parents, affiliates, or governments that we consider to be strong and supportive. Most structured finance asset classes, except structured finance transactions backed by sovereign or public-sector assets. Corporate issuers that we do not consider as government-related entities (GREs) under our GRE criteria that operate in sectors of activity that we consider to be resilient to country risks, and non-GRE corporates, financial institutions, and insurers that post global operations with under 10% exposure to the jurisdiction. Issuers we consider to be GREs; Local and regional governments (LRGs); Domestic banks and insurers; Corporates in sectors we believe have low resilience to country risks; and Structured finance transactions backed by sovereign or public-sector assets....
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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