Standard & Poor's Bank Loan Ratings are issue-specific ratings that capture the impact of covenants, collateral and other repayment protection provided specifically to holders of the senior bank debt. Bank loan ratings may be higher than the borrower's corporate credit ratings. Recovery Ratings are debt instrument-specific estimates of post-default recovery level. For all information on Recovery Ratings please visit sandprecoveryratings.com
Enhanced critieria for Government Related Entities
Standard & Poor's is refining its methodology for rating government-related entities (GREs). GREs are enterprises potentially affected by extraordinary government intervention during periods of stress. This article will help market participants better understand how we factor such government support in our issuer credit ratings.
Toward a Global Regulatory Framework for Credit Ratings
Our financial markets have changed radically in recent years. Clearly, laws and regulations have to change as well. The need for change includes the regulatory framework for credit rating agencies in the U.S., Europe, Asia, and the rest of the world. This paper provides Standard & Poor's recommendations.
> Australian RMBS Has Several Strengths Beyond Lenders Mortgage Insurance National Australia Bank reported that it has increased its collective provision to cover potential losses on loans entered into mainly between 2004 and 2006 because lenders mortgage insurance may not fully cover those losses. Should this be of concern to RMBS investors? Managing Director Fabienne Michaux discusses the issue.
Definitions
Understanding Standard & Poor's Rating Definitions This article is designed to help market participants better understand what Standard & Poor's credit ratings mean. Although the official definitions appear outwardly to be very simple, they embody multiple factors that compose the overall assessment of creditworthiness.
