文档介绍：Rating Methodology
September 2006
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David Fanger
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Request ment
Bank Financial Strength Ratings:
Revised Methodology
Summary
This report details Moody’s proposal to revise our rating methodology for assigning Bank Financial Strength Ratings
(BFSRs) This revision does not change the main factors that Moody’s considers in rating banks. However,
the revised approach provides a single, global methodology instead of separate methodologies for mature and develop-
ing markets. It also establishes specific ranges for each factor that relate to different rating categories. The updated
methodology is intended to provide investors and issuers with a transparent set of guidelines allowing them to better
understand our rating process and how we reach our decisions.
To this end, we have developed a rating scorecard that uses mon set of globally available financial metrics
together with key qualitative factors that Moody’s analysts consider critical in evaluating a bank’s intrinsic financial
strength and specific weights for each factor. This scorecard will be used by Moody’s analysts as the first step in deter-
mining BFSRs. It should also enable investors and issuers to independently estimate a BFSR for most banks within two
notches. This report describes the scorecard and discusses some of its limitations as well as some of the further adjust-
ments that Moody’s analysts may employ in assigning BFSRs.
The revised methodology is also intended to improve the consistency of Moody’s BFSRs. As previously
announced, Moody’s intends to incorporate joint-default analysis (JDA) into our assessme