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RATING SCALES, SYMBOLS AND DEFINITIONS

RATING SCALES, SYMBOLS AND DEFINITIONS ratings SCALES, SYMBOLS AND DEFINITIONS MAY 2019 2 Contents Introduction .. 3 GCR RATING Principles & Use .. 3 RATING Scales & 4 International scale Credit ratings scale and DEFINITIONS .. 4 National scale Credit ratings .. 5 Limitations and Use of GCR ratings .. 6 RATING DEFINITIONS .. 8 Issuer ratings .. 8 Long-Term and Short-Term International scale Issuer Credit ratings (LT ICR/ ST ICR) .. 8 Long-Term and Short-Term National scale Issuer Credit ratings (LT ICR/ ST ICR) .. 8 Issue ratings .. 8 Long-Term and Short-Term International scale Issue Credit ratings .

14. Primary credit rating scales may also be used to provide other forms of opinions such as Credit Assessments. Credit Assessments are either a notch- or category-specific view using the primary rating scale. They are opinions of the general credit strengths and weaknesses of an issuer, obligor, proposed financing structure ...

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