How To Incorporate The Proposed CDOs Of Project Finance Debt Criteria Into CDO Evaluator 6.0.1 Nov 13
- Language: English
- Published: November 2013
This request for comment applies to ratings on all sovereign governments (also known as central governments). All references to sovereign ratings in this article pertain to our view of a sovereign's ability and willingness to service financial obligations to nonofficial, in other words commercial, lenders. Our ratings do not address creditworthiness with respect to: Obligations to other governments (such as the Paris Club debt or debt to local and regional governments); Obligations to supranationals, such as the International Monetary Fund (IMF) or the World Bank; and Obligations that a sovereign government guarantees and that do meet our criteria for sovereign guaranteed debt (see "Rating Sovereign-Guaranteed Debt," published April 6, 2009. Moreover, we do not address post-default recovery prospects and their...
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