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ARCHIVE | Criteria | Structured Finance | ABS: New Bank Survivability Criteria Should Aid Emerging Market Financial Future Flow Issuers Sep 00
Standard & Poors, Sep 2000
Abstract
Standard & Poor's recently revised its criteria for evaluating the operating risk-or functional survivability-of banking institutions that may improve the ability of issued future flow transactions to achieve ratings higher than that of their underlying issuer. The rating impact of this new approach on bank-issued future flow transactions could be significant, as the revised guidelines allow qualifying banks-generally those that are large and systemically important-issuing appropriately structured future flow transactions to receive rating elevation generally in the range of one to three notches above the institutions' counterparty credit ratings. In some cases, it may be possible for a very strong transaction to receive rating elevation in excess of three notches. Standard & Poor's has noted that bank regulatory and supervisory...
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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