2026-08-11
Added · Updated
VIS Credit Rating Company Limited updated its Instrument Rating Methodology, effective June 2026, to evaluate debt and hybrid issuances by corporates, financial institutions, microfinance banks, and non-bank financial companies. The review maintains the fundamental criteria of the April 2025 version while detailing notching guidelines that adjust ratings based on security quality, seniority, and credit enhancements like third-party guarantees. The document specifies distinct rating approaches for Basel III Tier-1 and Tier-2 bank capital instruments, incorporating loss absorbency features and conversion triggers, as well as specific criteria for green bonds and microfinance bank debt.
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