Request for Comment: National Scale Ratings Mapping

HONG KONG, 09 April 2021. Pengyuan International (PENGYUAN) has today published a request for comments on our proposed criteria for national scale ratings mapping.

PENGYUAN would appreciate comments on these criteria from investors and other market participants. The request-for-comment version of the criteria and analyst contact are available via the “Preview” and “Download” button on this page.

This criteria article describes PENGYUAN’s approach in mapping national scale ratings from PENGYUAN’s global scale ratings. National scale ratings are opinions on the creditworthiness of an obligor or obligation relative to other obligors and obligations within a single country. The main purpose of assigning national scale ratings is to provide a greater credit differentiation among obligors and obligations in countries whose country- specific risks result in using only a partial section of the rating scale and ratings that are clustered within a few rating categories. PENGYUAN’s national scale ratings are derived based on country-specific mapping tables that determine the relationship between our global and national scale ratings.

To distinguish from global scale ratings, national scale ratings will have a suffix to denote the country (e.g., ‘AAAru’ for Russia). PENGYUAN’s national scale ratings contain both long-term and short-term scale ratings. Credit Watch and Outlooks are assigned in the same manner as we do for our global scale ratings.

ANALYSTS CONTACT
Primary Analyst
Ke Chen, PhD
+852 3615 8316
ke.chen@pyrating.com
Secondary Analyst
Winnie Guo
+852 3615 8344
winnie.guo@pyrating.com
Committee Chair
Winnie Guo
+852 3615 8344
winnie.guo@pyrating.com

MEDIA ENQUIRIES 
Ms. Charley Lui 
Direct:+852 3615 8296
charley.lui@pyrating.com

RATING SERVICES ENQUIRIES
Mr. Allen Wei
Direct:+852 3615 8324
allen.wei@pyrating.com
Additional information is available on www.pyrating.com

DISCLAIMER

Pengyuan Credit Rating (Hong Kong) Company Ltd (“Pengyuan International”, “Pengyuan”, “the Company”, “we”, “us”, “our”) publishes credit ratings and reports based on the established methodologies and in compliance with the rating process. For more information on policies, procedures, and methodologies, please refer to the Company’s website www.pyrating.com. The Company reserves the right to amend, change, remove, publish any information on its website without prior notice and at its sole discretion.
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