| Title: | National Development Banks & Export Credit Agencies |
| Price: | $1,000.00 |
| Publication Date: | Jul 02, 2007 |
| Source: | Standard & Poor's |
| Author: | Beers, D.T., et. al. |
| Abstract: | Standard & Poor's rates the debt of 15 development banks and 14 export credit agencies. Of these 29 financial enterprises, 25 carry the same foreign currency
issuer credit ratings as their sovereign. As set out in our
second commentary article, "Rating National
Development Banks and Export Credit Institutions," these ratings reflect a combination of the following factors: 1.Their close relationships with their government sponsors; 2. Their robust public policy roles; 3. The inability of private-sector financial institutions to provide similar services as efficiently; and 4. Their relative financial strength. In addition, in most instances these institutions face
little prospect of being privatized or having their
mandates materially changed over the next several years. These attributes also exist, but to a lesser degree, for the credit ratings of those entities, where the rating differs from the one of the corresponding sovereign,
including the Development Bank of Japan and two Scandinavian export credit agencies. This July 2007 report comprises Standard & Poor's analysis on these rated national development banks and export credit agencies. |
| Brief Excerpt: | ...Standard & Poor s is one of the world s leading providers of credit ratings. Over the years, we ve kept pace with the needs of investors, fi nancial intermediaries, and issuers of debt, expanding ratings coverage to include export credit agencies, investment insurers, and other public and private sector entities in over ### countries. Standard & Poor s credit research reaches a global audience and is highly valued because it is comprehensive, independent, and objective. Standard & Poor s ratings can be an effective tool for export credit agencies and investment insurers, whether or not they issue debt. Our ratings are a powerful means of communicating your credit standing to all fi nancial counterparties with which you do business. ... |
| Word Count: | 52364 |
| Length: | 84 Pages |
| Document ID: | S&PGRNatDevBanks |
| Format: | 
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