Regulatory Alerts2026-06-30
Added · Updated
PACRA Structured Finance Rating Scale and Definitions
PACRA issued this document to define the structured finance rating scale and associated rating actions for evaluating the creditworthiness of underlying instruments. The criteria establish a long-term rating scale from AAA to D, where each grade reflects the relative likelihood of default and the capacity to honor financial obligations. The text further details the application of rating modifiers, including outlooks, watches, and procedures for suspension or withdrawal of opinions.
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