Public Finance Criteria

 Excerpt  :

Since beginning its credit rating activities in 1916, Standard & Poor’s Ratings Services has rated hundreds of thousands of securities issues, corporate and governmental issuers, and structured financings. Standard & Poor’s began its ratings activities with the issuance of credit ratings on corporate and government debt issues. – Public Finance Criteria – Responding to market developments and needs, Standard & Poor’s has developed and innovated methodologies and criteria and now assesses the credit quality of, and assigns credit ratings to, financial guarantees, recovery ratings and bank loans, private placements, mortgage-and asset-backed securities, mutual funds, and the ability of insurance companies to pay claims, and assigns market-risk ratings to managed funds.

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