Is there a consistent correspondence between the Standard & Poors global and regional credit rating scales?
Both scales are based on the same Standard & Poor’s credit risk analysis methodology and are linked by correspondence guidelines (“mapping”). Except in unusual circumstances, the regional scale is constructed in a fashion that avoids rank order reversals and inconsistent movements with the Standard & Poor’s global scale. For example, if the rating of an obligor were raised on the global scale, there should not be a downgrade on the regional scale, and vice versa. Standard & Poor’s is providing the mapping guideline below for its ASEAN regional credit rating scale in anticipation of potential user interest. MAPPING of Standard & Poor’s ASEAN Regional Scale To Global Scale Ratings ASEAN regional scale Global scale long-term rating Short-term rating Long-term rating axA-1+ axAAA A and above axA-1 axAA+ A- to A axA-1 axAA A- axA-1 axAA- BBB+ to A- axA-1 axA+ BBB to BBB+ axA-1 to axA-2 axA BBB axA-2 axA- BBB- to BBB axA-2 axBBB+ BB+ to BBB- axA-2 to axA-3 axBBB BB to BB+ axA-3 axBBB- BB axB
Related Questions
- What is the difference between the Standard & Poors global credit rating scale and this Standard & Poors regional credit rating scale?
- Is a Standard & Poors ASEAN regional credit rating comparable to Standard & Poors national credit ratings in other countries?
- Does Standard & Poors have regional or national scales in other parts of the world?
