Ratings Withdrawn On 61 Market-Linked Notes Issued By Various Financial Institutions - S&P Global Ratings’ Credit Research

Ratings Withdrawn On 61 Market-Linked Notes Issued By Various Financial Institutions

Ratings Withdrawn On 61 Market-Linked Notes Issued By Various Financial Institutions - S&P Global Ratings’ Credit Research
Ratings Withdrawn On 61 Market-Linked Notes Issued By Various Financial Institutions
Published Apr 17, 2014
Published Apr 17, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have reviewed the terms of rated market-linked notes issued by financial institutions after the publication of our new criteria " Principles For Rating Debt Issues Based On Imputed Promises," on Oct. 24, 2013. We are withdrawing our long-term issue ratings on 24 market-linked notes following the application of our new imputed promises criteria because of our assessment that principal repayment is not protected through the life of these instruments. We are also correcting by withdrawing our long-term issue ratings on 17 market-linked notes because, under the previously applicable criteria, our assessment is that these notes' principal is not protected at maturity. The affected notes have principal and/or coupon linked to commodity, equity, bond price indices, or credit default swap

  
Report Type:

Ratings Action

Ticker
DBK@GR
Issuer
GICS
Diversified Capital Markets (40203030)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings Withdrawn On 61 Market-Linked Notes Issued By Various Financial Institutions" Apr 17, 2014. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Withdrawn-On-61-Market-Linked-Notes-Issued-By-Various-Financial-Institutions-1299086>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings Withdrawn On 61 Market-Linked Notes Issued By Various Financial Institutions Apr 17, 2014. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Withdrawn-On-61-Market-Linked-Notes-Issued-By-Various-Financial-Institutions-1299086>
  
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