Credit Rating Process
Introduction of Credit Rating Service and Rating Procedure Guide.
Bond, CP, STB, Issuer and IFS Rating
- - Rating request & deal signing
- - Submission of information/credit assessment: forming a rating team, requesting basic information, interviewing management, collecting and analyzing information on the industry, suggesting a rating
- - Deliberation & decision: Analyst Committee, Industry Committee, Rating Committee
- - Excluding personal opinions and securing procedural objectiveness
- - Rating notification: The issuer can request reassessment of the rating if it has any objection regarding the rating
- - Rating disclosure : Rating surveillance: regular rating, occasional rating, credit watch
ABS Ratings
- - Requesting information on the underlying assets and collecting information on the participants in the securitization
- - Conducting due diligence on the participants
- - Analyzing cash flow/reviewing related contracts/assessing stability of the structure
- - Rating assignment: Analyst Committee/ Industry Committee/Rating Committee
- - Rating disclosure
- - Rating surveillance: regular rating, occasional rating, credit watch