What is the difference between the Standard & Poors global credit rating scale and this Standard & Poors regional credit rating scale?
For the most part, the criteria, rating methodology, and analytical processes employed for determining ratings on the Standard & Poor’s ASEAN scale are the same as those employed on the Standard & Poor’s global scale. The global credit rating scale is designed for global comparisons of issuers from different countries, while the regional credit rating scale is tailored to meet the specific needs of local and foreign participants in ASEAN’s financial markets. Specifically: • The regional scale provides more granular ratings across the most relevant spectrum for differentiation of credit risk among ASEAN obligors. • Rating definitions underscore the regional character and focus of the scale, with an emphasis on credit risk relative to other ASEAN obligors and obligations. (See the full document “ASEAN Regional Scale Ratings Definitions”, which is available in the Criteria section of our website at www.standardandpoors.com).
