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ARCHIVE | Criteria | Structured Finance | General: Principles-Based Rating Methodology For Global Structured Finance Securities May 07
Standard & Poors, May 2007
Abstract
To accommodate the inherently dynamic and flexible nature of the global structured finance market, Standard & Poor's Ratings Services employs a largely principles-based methodology for assigning and monitoring ratings on structured finance securities around the world. Our approach helps us respond to the market's evolving needs and enhances the global comparability of the ratings we assign by considering: The constantly changing and innovative nature of structured financings; The differences in the maturity and sophistication of global and regional markets, as well as particular sectors and/or participants within those markets; The differences and changes in regulatory and legal frameworks among countries and market sectors; The differences and changes in market conventions and industry practices; The cultural differences among markets that may...
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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