Moody's to change govt support ratings
Tuesday 2 August 2011 - by Andrew Hickley
Moody's has put forward proposals that could change the way banks with implicit government support are rated.
"Only in cases where (i) our assessment of the support provider's credit worthiness does not provide uplift, but limits rating downside risks; or (ii) where multiple support layers are available, will we consider allowing the input for our assessment of the support provider's credit worthiness to be based on a credit estimate as those circumstances affect rating transition risk, as opposed to rating levels."
Moody's has set a deadline of 15 September to receive responses on the proposals.
Send us your thoughts (in strict confidence) or submit an article in response:
|Login||Register||Most read||Most commented|
Will markets in 2012 have a tougher time than 2011?