2026-08-11
Added · Updated
VIS Credit Rating Company Limited has reviewed its Scale Translation Methodology, maintaining the fundamental criteria established in the January 2025 version. The methodology outlines the process for mapping Global Scale Ratings onto VIS National Scale ratings using the Default-Transition Principle approach to align credit quality evaluations. Specific empirical mappings indicate that a global foreign currency rating of 'A' corresponds to a 'AAA' rating on the VIS scale, while a 'BBB' global rating aligns with the 'AA' category. This translation framework applies to entities with foreign parent companies or shareholding, influencing the notching of local subsidiary ratings based on the translated credit strength of the parent.
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