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Annex 4
Supervisory Slotting Criteria for Specialised Lending
Table 1 - Supervisory Rating Grades for Project Finance Exposures
Strong
Good
Satisfactory
Weak
Financial strength
Market conditions
peting suppliers OR substantial and durable advantage in location, cost, or technology. Demand is strong and growing.
peting suppliers OR better than average location, cost, or technology but this situation may not last. Demand is strong and stable.
Project has no advantage in location, cost, or technology. Demand is adequate and stable.
Project has worse than average location, cost, or technology. Demand is weak and declining.
Financial ratios (. debt service coverage ratio (DSCR), loan life coverage ratio (LLCR), project life coverage ratio (PLCR), and debt-to-equity ratio.)
Strong financial ratios considering the level of project risk; very robust economic assumptions.
Strong to acceptable financial ratios considering the level of project risk; robust project economic assumptions.
Standard financial ratios considering the level of project risk.
Aggressive financial ratios considering the level of project risk.
Stress analysis
The project can meet its financial obligations under sustained, severely stressed economic or sectoral conditions.
The project can meet its financial obligations under normal stressed economic or sectoral conditions. The project is only likely to default under severe economic conditions.
The project is vulnerable to stresses that are not mon through an economic cycle, and may default in a normal downturn.
The project is likely to default unless conditions improve soon.
Strong
Good
Satisfactory
Weak
Financial structure
Duration of the pared to the duration of the project
Useful life of the project significantly exceeds tenor of the loan
Useful life of the project exceeds tenor of the loan
Useful life of the project exceeds tenor of the loan
Useful life of the project may not exceed tenor of the loan.
Amorti