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Bank Loan Ratings Expanded in Australia Jul 99
Standard & Poors, July 1999
Abstract
Bank loan ratings continue to play an increasingly important role for benchmarking credit risk at loan origination and for monitoring movement in credit risk over the life of the loan. This trend has resulted in strong growth in Standard & Poor's Bank Loan Ratings (BLR) service in both the U.S. and Europe, with 1020 BLRs assigned to loans totaling approximately US$580 billion in the syndicated loan market at April 30. Chart 1 depicts the rapid growth in this sector, especially over the past two years. In Australia, Standard & Poor's has recently expanded its BLR service, bringing to 12 the number of entities assigned BLRs. A listing of existing entities as well as new BLRs assigned to Australian companies is...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),United States of America (Unsolicited Ratings),Coca-Cola Amatil Ltd.,Woodside Petroleum Ltd.,Xstrata Queensland Ltd.,Southcorp Ltd.,Pasminco Ltd.,United Energy Distribution Pty Ltd.,Newmont Australia Ltd.,Australia Pacific Airports Corp. Ltd.,Envestra Ltd.,Woodside Finance Ltd.,Envestra Victoria Pty Ltd.,Melbourne (City of)
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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