Regulatory Alerts2026-07-29
Added · Updated
Corporate Rating Criteria: Scale and Definitions
PACRA defines the credit rating scale for long-term and short-term obligations, where long-term ratings range from AAA to D and short-term ratings from A1+ to A4, each reflecting specific levels of credit risk and capacity for timely payment. The document establishes definitions for rating modifiers including outlooks, watch alerts, suspensions, and withdrawals, specifying that a suspended rating is considered withdrawn if not resumed within six months. It mandates ongoing surveillance of publicly disseminated ratings with comprehensive reviews at least every six months and notes applicability to methodologies for broker entities, corporations, debt instruments, financial institutions, holding companies, independent power producers, microfinance institutions, and non-banking finance companies.
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