... are public entities controlled by several "member states". They are not subject to the jurisdictions of the countries in which their head offices are located; governance rules are set by international treaties between member states. Multilateral development banks (MDBs), whose main activity is to provide loans or other types of financing to states or the private sector, account for most of the supranationals rated by Fitch. MDB Rating Methodology Update: This report updates Fitchs methodology for rating MDBs and represents Fitchs principal criteria for rating all supranational institutions. As MDBs can be defined as supranational financial institutions, this report supplements the agencys Global Financial Institutions Rating Criteria Master Criteria report. The principles of the rating approach remain unchanged, but two amendments have been made to the methodology. These changes will not have any impact on the existing ratings of MDBs. Unchanged...
