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A Pilot Project To Establish A Methodology And Criteria For Rating Microfinance Institutions Sep 09
Standard & Poors, Sep 2009
Abstract
To promote the development of a sound global and local capital market infrastructure for microfinance, and, in particular, to help build a healthy secondary market, the Multilateral Investment Fund of the Inter-American Development Bank (IDB) asked Standard & Poor's Ratings Services to participate in a pilot project to rate microfinance institutions (MFIs). These institutions provide small loans and financial services to low income and/or financially underserved clients. Standard & Poor's believes that globally recognized metrics can enhance transparency within the microfinance industry. These established standards may give investors better tools to use to assess the creditworthiness and performance of a microfinance institution and enable comparisons of microfinance investments opportunities within and across borders and with nonmicrofinance opportunities. Our role in...
Companies mentioned in this report are: Vision Banco S.A.E.C.A.,ACLEDA Bank PLC,Financiera El Comercio,FinComun Servicios Financieros Comunitarios S.A. de C.V. Sociedad Financiera Popular
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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