Monetary policy, tech disruption, and evolving regulations are forcing financial institutions to take a hard look at their business models. You will find insights into how these trends are affecting the credit profile of our broad coverage of banks, asset managers, clearing houses, and other non-bank financial institutions.
Explanation of a credit rating action on a debt issue. In addition, rating actions on a group of issuers can be bundled and published as rating actions news, without individual research updates. The report provides the rating action rationales for the group of entities or sector, followed by individual entity specific rationales and updated outlook/CreditWatch, reflecting the view of a rating committee.
Overview and rationale of a credit rating action taken at the issuer level, including newly assigned ratings, rating changes, outlook or CreditWatch revisions, and updated rating score snapshot.
Quick and timely report addressing a particular development or event that has no current impact on the credit rating of an issuer.
Detailed reports on an individual issuer, providing the issuer credit rating (ICR) snapshot and a breakdown of the factors that make up the stand-alone credit profile (SACP). In addition, resolution counterparty ratings (RCR) are provided for certain financial institutions that are likely to be subject to an effective bail in resolution regime in the event of distress. The reports also provide other insights on the issuer, such as key strengths and weaknesses; outlook, including downside and upside scenarios; anchor, business position, capital, and earnings factors; and a view of the entity’s risk-adjusted capital; risk position, funding and liquidity analysis; as well as external support factors among other content.
To provide additional disclosure and transparency to the market, from mid-November 2021, S&P Global Ratings started publishing ESG credit indicators for individual companies in the corporate and infrastructure, and insurance sectors; other asset classes will be covered during 2022. These indicators will initially be released through the ESG credit indicator report cards for the relevant sector. Subsequently, they will be incorporated and updated in S&P Global Ratings’ issuer- and issue-specific publications to complement the existing credit rating analysis and surveillance.