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ARCHIVE | Criteria | Governments | Sovereigns: Rating National Development Banks And Export Credit Institutions Aug 06
Standard & Poors, Aug 2006
Abstract
National governments-if only by virtue of their regulatory and supervisory responsibilities-typically interact with all domestic lending institutions. However, their involvement with national development banks (NDBs) and export credit institutions (ECIs) is generally more comprehensive, usually including ownership interests and having a direct impact upon the ratings of these institutions. The Sovereign Ratings Group of Standard & Poor's Ratings Services currently rates 26 government-related NDBs and ECIs (see table 1). NDBs and ECIs are generally policy-based institutions, established to perform functions or achieve results that purely commercial financial institutions are/were unwilling to do or unable to achieve. The range of their activities varies among institutions, and in many cases their activities have broadened through the years-in some cases organically, in others...
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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