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ARCHIVE | Criteria | Governments | International Public Finance: Credit Approach to Rating Public and Social Housing Providers Oct 02
Standard & Poors, Oct 2002
Abstract
(Editor's Note: This article has been superseded by 'Credit Approach To Rating Social And Public Housing Providers,' published on Nov. 30, 2004.) Standard & Poor's rating methodology for social housing incorporates both qualitative and quantitative factors, but does not give fixed weights to specific analytical topics. Standard & Poor's relies primarily on an expert-based approach to credit analysis, reflecting the collective experience of its analysts, rating committees, sector history, experience of debt-funders and regulation, as well as relevant peer comparisons which determine what factors are considered most important in assigning ratings. Rating outcomes effectively give more weight to some analytical topics than others, with justification provided in discussion and written rating rationales. Generally, Standard & Poor's maintains that the degree...
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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