...Global Criteria Address Constraints: Ratings for securitizations in emerging markets are constrained by several factors that may cause volatility to underlying asset performance. These criteria are used in conjunction with Global Structured Finance Rating Criteria, and outline those constraints. The criteria relate specifically to all international ratings and are not applicable to national scale ratings. Emerging markets typically have a relatively low gross national income (GNI), relatively low GNI per capita, and their political and economic stability is less certain compared to the developed market....
