Disclosures

Click on a jurisdiction below to view the items of information about S&P Global Ratings required to be disclosed in that jurisdiction.

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Form NRSRO

On September 24, 2007, the U.S. Securities and Exchange Commission granted the registration of S&P Global Ratings as a nationally recognized statistical rating organization ("NRSRO") under the U.S. Credit Rating Agency Reform Act of 2006 (the "Act").

View Form NRSRO

S&P GLOBAL INC. SHAREHOLDERS & BOARD OF DIRECTORS

Quarterly Reporting of Shareholders Owning 5% or More of S&P Global Inc. Outstanding Common Stock And S&P Global Inc.'s Board of Directors and Their Affiliations and Board Memberships with Various Entities

ACTUALIZACIÓN (al 15 de febrero de 2019): Brexit – Implicaciones para Calificaciones Crediticias

Haga click aquí para ver la información más reciente

S&P Global Ratings Europe Limited (SPGRE), empresa irlandesa basada en Dublín está registrada con la European Securities and Markets Authority (ESMA; Autoridad Europea Bursátil y de Mercados) como agencia de calificación crediticia (CRA, por sus siglas en inglés) bajo la Regulación (EC) No. 1060/2009 con sus enmiendas (“la Regulación”). Bajo la Regulación y la legislación relacionada, las calificaciones crediticias asignadas o reconocidas por CRAs registradas con ESMA pueden utilizarse en la Unión Europea para algunos propósitos regulatorios.

Después de que Gran Bretaña determinó en 2016 salir de la Unión Europea (UE; “Brexit”), hemos trabajado para asegurar que las calificaciones crediticias emitidas por S&P Global Ratings en Gran Bretaña y en otras partes fuera de la UE post-Brexit continúen siendo utilizables para fines regulatorios en la UE. Por esta razón, recientemente fusionamos muchas de nuestras entidades operativas en EMEA (siglas en inglés para identificar la región de Europa, Medio Oriente y África) en SPGRE. Las operaciones de calificación que se realizaban en nuestras oficinas de Londres, Moscú, Dubái, Johannesburgo y Riad, ahora las lleva a cabo SPGRE a través de sus oficinas en esas ciudades. También fusionamos nuestras operaciones de calificación en Frankfurt, Madrid, Varsovia, París, Milán y Estocolmo en SPGRE que ahora las realiza mediante sus filiales en esas ciudades.

Para asegurarnos de que las calificaciones crediticias de S&P Global Ratings también puedan usarse para fines regulatorios bajo la futura regulación de Gran Bretaña para CRAs, estamos registrando una nueva CRA, S&P Global Ratings UK Limited (SPGRUK), con la UK Financial Conduct Authority (FCA). Además de emitir sus propias calificaciones crediticias, SPGRUK reconocerá las que emita SPGRE y otras oficinas de S&P Global Ratings en jurisdicciones en las que se pueda otorgar dicho reconocimiento. En caso de que el acuerdo acerca del Brexit no se haga efectivo el 29 de marzo de 2019, esperamos que se considere a SPGRUK como registrado con la FCA a partir de esa fecha bajo el régimen temporal de Gran Bretaña para registro de CRAs. Sin embargo, la capacidad de las CRAs de Gran Bretaña, tales como SPGRUK, para reconocer calificaciones crediticias asignadas por CRAs de la Unión Europea en Gran Bretaña bajo la regulación futura de este país para CRAs está actualmente todavía condicionada a que la FCA considere a la Unión Europea como jurisdicción que pueda reconocer dichas calificaciones. De igual manera, la capacidad de las CRAs de la Unión Europea, tales como SPGRE, para reconocer calificaciones crediticias emitidas por CRAs de Gran Bretaña en la Unión Europea está actualmente todavía condicionado a que la ESMA considere a Gran Bretaña como jurisdicción que pueda reconocer dichas calificaciones.

Servicios Complementarios

Políticas

Estudios de Incumplimiento

Encuentre debajo un listado con los Estudios de Incumplimiento.

Contacto

Maria Laura IngaramoTeléfono: (54) 11 4891-2107Buenos Aires, Argentina

S&P Global Ratings has an Australian Financial Services Licence for providing Credit Ratings in Australia. The following documents fulfill regulatory commitments in support of enhancing transparency of S&P Global Ratings' business operations in Australia, which are currently conducted through S&P Global Ratings Australia Pty. Limited.

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in Australia uses in its credit rating activities.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Australia.

Potential Conflicts of Interest

Information on potential conflicts of interest at S&P Global Ratings in Australia

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Australia.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Australia.

Unsolicited Ratings Policy

Nesta seção você encontrará as informações regulatórias conforme a Instrução N°521/2012 da Comissão de Valores Mobiliários.

ATUALIZAÇÃO (em 15 de fevereiro de  2019): Brexit – Implicações para os ratings de crédito

Clique aqui para obter as informações mais recentes

A S&P Global Ratings Europe Limited (SPGRE), empresa irlandesa baseada em Dublin, está registrada na European Securities and Markets Authority (ESMA) como uma agência de rating de crédito (CRA) sob a Regulation (EC) No. 1060/2009 como emendado (“a Regulação”). De acordo com a Regulação e legislação relacionada, os ratings de crédito emitidos ou endossados pelas CRAs registradas na ESMA podem ser utilizados na União Europeia com certos propósitos regulatórios.

Após o Reino Unido ter determinado em 2016 sua saída da União Europeia (“Brexit”), temos trabalhado para assegurar que os ratings de crédito emitidos pela S&P Global Ratings no Reino Unido e em outros lugares fora da União Europeia após o Brexit ainda sejam utilizados com propósitos regulatórios na União Europeia. Por essa razão, recentemente fundimos muitas de nossas entidades operacionais na região da Europa, Oriente Médio e África (EMEA) na SPGRE. As operações de rating conduzidas em nossos escritórios em Londres, Moscou, Dubai, Johanesburgo e Riad agora estão sendo conduzidas pela SPGRE por meio de suas filiais em tais locais. Fundimos também nossas operações de rating em Frankfurt, Madri, Varsóvia, Paris, e Estocolmo na SPGRE, sendo que tais operações são agora conduzidas por suas filias nesses locais.

A fim de assegurar que os ratings de crédito da S&P Global Ratings sejam também utilizados com propósitos regulatórios dentro da futura regulação do Reino Unido para as CRAs, estamos registrando uma nova CRA, a S&P Global Ratings UK Limited (SPGRUK), junto à UK Financial Conduct Authority (FCA). Além de emitir seus próprios ratings de crédito, a SPGRUK endossará os ratings de crédito emitidos pela SPGRE e por outros escritórios da S&P Global Ratings em jurisdições endossáveis. No caso do acordo acerca do Brexit não se tornar efetivo em 29 de março de 2019, esperamos que a SPGRUK seja tratada como registrada junto à FCA a partir daquela data sob o regime de registro temporário de CRAs do Reino Unido. Entretanto, a capacidade das CRAs do Reino Unido, tais como a SPGRUK, de endossar os ratings de crédito emitidos pelas CRAs da União Europeia no Reino Unido sob a futura regulação das CRAs no Reino Unido ainda depende da FCA reconhecer a União Europeia como sendo uma jurisdição endossável. De forma semelhante, a capacidade das CRAs da União Europeia, tais como a SPGRE, de endossar ratings de crédito pelas CRAs do Reino Unido ainda depende do reconhecimento da ESMA de que o Reino Unido é uma jurisdição endossável.

Formulário de Referência

Código de Conduta

Políticas

Regras, Procedimentos e Controles Internos

Metodologias, Modelos, Premissas e Estudos de Default

Informações sobre critérios, estudos de default, metodologias e modelos que a S&P Global Ratings no Brasil utiliza em suas atividades de rating de crédito.

Tabela de Referência Cruzada

Tabela de Referência Cruzada entre as Escalas Global e Nacional de Ratings.

Relatórios de Classificação e Suas Atualizações

Para encontrar os relatórios da S&P Global Ratings sobre as entidades que esta avalia, há três rápidos caminhos: 1) pelo mecanismo de busca principal no topo do web site; 2) pelo mecanismo de Pesquisa de Ratings no canto superior esquerdo da sessão de RATINGS e 3) pela Pesquisa de Ratings por Área, também nesta última sessão. Para a rápida identificação dos ratings atribuídos pela S&P Global Ratings a empresas no Brasil, sugerimos colocar "Brasil" no mecanismo de busca "Filtrar por [país]" e clicar em "atualizar".

Ratings Preliminares

Relatórios de Rating Preliminar

Potenciais Conflitos de Interesse

Informação sobre Potenciais Conflitos de Interesse da S&P Global Ratings no Brasil.

S&P Global Ratings Canada, a business unit of S&P Global Canada Corp., has been designated as a Designated Rating Organization in Canada. The following documents fulfill regulatory commitments in support of enhancing transparency of S&P Global Ratings' business operations in Canada.

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in Canada uses in its credit rating activities.

Structured Finance Disclosure Site

Information about certain structured finance products submitted to Standard & Poor's Ratings Services (Canada) for initial review or for preliminary rating.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Canada.

Potential Conflicts of Interest

Information on potential conflicts of interest at S&P Global Ratings in Canada.

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Canada.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Canada.

Unsolicited Ratings Policy

Los documentos presentados a continuación cumplen con los requerimientos regulatorios para la operación de S&P Global Ratings Chile Clasificadora de Riesgo Limitada, y de transparencia de las Políticas y procedimientos internos de S&P Global Ratings.

Reglamento Interno

Otras Políticas

Reglamento Interno – Metodología

* Por favor considere que la información desplegada en este vínculo comprende otras metodologías adicionales a las aplicables en Chile, incluidas y presentadas de acuerdo con la Norma de carácter general del SVS nº 361, articulo 3 c) y SBIF Circular evaluadoras nº 18, artículo V. 6.

Clasificación de Acciones: Procedimientos Analíticos

Escala de Calificaciones y Tablas de Correlación

Informaciones de las categorías de calificación de S&P Global Ratings en Chile, incluyendo las equivalencias entre las categorías de clasificación de S&P Global Ratings en Chile y las categorías definidas en los incisos segundo y tercero del artículo 88 de la Ley 18.045.

Contacto

Maria Laura IngaramoTeléfono: (54) 11 4891-2107Buenos Aires, Argentina

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

On October 31 2011, the three entities (SPCMSE, SPGRF and SPGRI) that have been doing business under the name S&P Global Ratings became registered as a Credit Rating Agency in the European Union. On August 1, 2018, SPCMSE, SPGRF and SPGRI had all been merged into S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company.

S&P Global Ratings is committed to the transparency of its business operations in the European Union. As part of this commitment to the regulatory community and the markets, S&P Global Ratings from time to time discloses information about its rating methodologies, publication schedules, and other matters. A listing of these disclosures follows below.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in the EU uses in its credit rating activities.

Calendar of Publication Dates for Sovereign, Regional & Local Government Ratings

This calendar sets out publication dates for sovereign ratings and related rating outlooks as required by the European Union Regulation on credit rating agencies (Regulation (EC) No 1060/2009 on credit rating agencies, as amended). S&P Global Ratings has nominated two publication dates for each sovereign it currently rates from the European Union, including sovereigns that have solicited and unsolicited ratings. As required by the regulation, all publication dates are on Fridays and deviation from the calendar is only permitted in exceptional circumstances, to meet regulatory obligations. Any deviation would be accompanied by a detailed explanation.

Preliminary Ratings Disclosure List

Information about certain entities or debt instruments submitted to S&P Global Ratings for initial review or preliminary rating in the EU.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in the EU.

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings in the EU.

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in the EU.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in the EU.

Unsolicited Ratings Policy

Transparency Report

Shareholders and Directorships

Other Disclosures

S&P Global Ratings has a Type 10 License for providing Credit Rating Services in Hong Kong. The following documents fulfill regulatory commitments in support of enhancing transparency of S&P Global Ratings' business operations in Hong Kong, which are currently conducted through S&P Global Ratings Hong Kong Limited.

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in Hong Kong uses in its credit rating activities.

Structured Finance Disclosure Site

Information about certain structured finance products submitted to S&P Global Ratings in Hong Kong for initial review or for preliminary rating.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Hong Kong.

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings in Hong Kong.

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Hong Kong.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Hong Kong.

Unsolicited Ratings Policy

Annual Disclosures

Other Disclosures

מתודולוגיות דירוג

מתודולוגיה - בקשה להערות

מידע על המתודולוגיות שמשמשות את S&P Global Ratings בפעילות דירוג האשראי בישראל

שירותים נלווים

מידע על שירותים נלווים ש-S&P Global Ratings עשויה לספק בישראל

ניגודי עניינים פוטנציאליים

מידע לגבי ניגודי עניינים פוטנציאליים ב-S&P Global Ratings בישראל

הסדרי תשלום

מידע על הסדרי התשלום של S&P Global Ratings בישראל

בעלות ובעלי שליטה

תרשים ארגוני

הגדרות דירוג

הקוד האתי

מדיניות פרסום דירוגים

קווי המדיניות הבאים מתייחסים לפרסום דירוגי אשראי בישראל על ידי S&P Global Ratings

נהלים

דוח שנתי

נתונים סטטיסטיים למדידת ביצועים של דירוגי אשראי

スタンダード&プアーズ・レーティング・ジャパン株式会社

格付付与方針等

格付付与の方法の概要

当社が付与する信用格付に関する格付付与の方法の概要には、以下の格付け規準をご参照下さい。

非依頼格付に関する格付付与の方針及び方法

当社は、情報品質確保に関する方針に則り、十分な情報を有し、当該信用格付に関して市場に重要な関心が存在すると考える場合に、非依頼格付を付与することがある。

非依頼格付に対しても、原則として「格付付与方針等」が適用される。

当社は、非依頼格付について、当社の公開ウェブサイト等において、依頼によらないことを明示する。

格付提供方針等

日本スタンダード＆プアーズ株式会社

格付付与方針等

格付付与の方法の概要

当社が付与する信用格付に関する格付付与の方法の概要には、以下の格付け規準をご参照下さい。

非依頼格付に関する格付付与の方針及び方法

当社は、情報品質確保に関する方針に則り、十分な情報を有し、当該信用格付に関して市場に重要な関心が存在すると考える場合に、非依頼格付を付与することがある。

非依頼格付に対しても、原則として「格付付与方針等」が適用される。

当社は、非依頼格付について、当社の公開ウェブサイト等において、依頼によらないことを明示する。

格付提供方針等

México -- S&P Global Ratings S.A. de C.V. no cuenta con consejeros independientes asignados (Disposiciones aplicables a las Instituciones Calificadoras de Valores, Anexo 1, Fracción VI.B).

ACTUALIZACIÓN (al 15 de febrero de 2019): Brexit – Implicaciones para Calificaciones Crediticias

Haga click aquí para ver la información más reciente

S&P Global Ratings Europe Limited (SPGRE), empresa irlandesa basada en Dublín está registrada con la European Securities and Markets Authority (ESMA; Autoridad Europea Bursátil y de Mercados) como agencia de calificación crediticia (CRA, por sus siglas en inglés) bajo la Regulación (EC) No. 1060/2009 con sus enmiendas (“la Regulación”). Bajo la Regulación y la legislación relacionada, las calificaciones crediticias asignadas o reconocidas por CRAs registradas con ESMA pueden utilizarse en la Unión Europea para algunos propósitos regulatorios.

Después de que Gran Bretaña determinó en 2016 salir de la Unión Europea (UE; “Brexit”), hemos trabajado para asegurar que las calificaciones crediticias emitidas por S&P Global Ratings en Gran Bretaña y en otras partes fuera de la UE post-Brexit continúen siendo utilizables para fines regulatorios en la UE. Por esta razón, recientemente fusionamos muchas de nuestras entidades operativas en EMEA (siglas en inglés para identificar la región de Europa, Medio Oriente y África) en SPGRE. Las operaciones de calificación que se realizaban en nuestras oficinas de Londres, Moscú, Dubái, Johannesburgo y Riad, ahora las lleva a cabo SPGRE a través de sus oficinas en esas ciudades. También fusionamos nuestras operaciones de calificación en Frankfurt, Madrid, Varsovia, París, Milán y Estocolmo en SPGRE que ahora las realiza mediante sus filiales en esas ciudades.

Para asegurarnos de que las calificaciones crediticias de S&P Global Ratings también puedan usarse para fines regulatorios bajo la futura regulación de Gran Bretaña para CRAs, estamos registrando una nueva CRA, S&P Global Ratings UK Limited (SPGRUK), con la UK Financial Conduct Authority (FCA). Además de emitir sus propias calificaciones crediticias, SPGRUK reconocerá las que emita SPGRE y otras oficinas de S&P Global Ratings en jurisdicciones en las que se pueda otorgar dicho reconocimiento. En caso de que el acuerdo acerca del Brexit no se haga efectivo el 29 de marzo de 2019, esperamos que se considere a SPGRUK como registrado con la FCA a partir de esa fecha bajo el régimen temporal de Gran Bretaña para registro de CRAs. Sin embargo, la capacidad de las CRAs de Gran Bretaña, tales como SPGRUK, para reconocer calificaciones crediticias asignadas por CRAs de la Unión Europea en Gran Bretaña bajo la regulación futura de este país para CRAs está actualmente todavía condicionada a que la FCA considere a la Unión Europea como jurisdicción que pueda reconocer dichas calificaciones. De igual manera, la capacidad de las CRAs de la Unión Europea, tales como SPGRE, para reconocer calificaciones crediticias emitidas por CRAs de Gran Bretaña en la Unión Europea está actualmente todavía condicionado a que la ESMA considere a Gran Bretaña como jurisdicción que pueda reconocer dichas calificaciones.

Reporte de Calificaciones - Actuales e Histórico

Este reporte incluye la lista de calificaciones asignadas por S&P Global Ratings S.A. de C.V. a cada uno de los emisores que actualmente califica, desde la asignación de la calificación inicial.

Informes Anuales

Código de Conducta

Políticas

Proceso de Calificación Crediticia

Estudios de Incumplimiento

Encuentre debajo un listado con los Estudios de Incumplimiento.

Contacto

Cecilia CárdenasTeléfono: 52-55-5081-4409Fax: 52-55-5081-4482Ciudad de México

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

RATINGS METHODOLOGIES, MODELS AND ASSUMPTIONS

Information on the criteria which S&P Global Ratings in the Kingdom of Saudi Arabia uses in its credit rating activities.

ANCILLARY SERVICES

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in the Kingdom of Saudi Arabia.

POTENTIAL CONFLICTS OF INTEREST

Information regarding potential conflicts of interest at S&P Global Ratings in the Kingdom of Saudi Arabia.

COMPENSATION ARRANGEMENTS

Information on compensation arrangements of S&P Global Ratings in the Kingdom of Saudi Arabia.

CODE OF CONDUCT

RATING PUBLICATION POLICIES

The following Policies address publication of Credit Ratings by S&P Global Ratings in the Kingdom of Saudi Arabia.

UNSOLICITED RATINGS POLICY

Transparency Report

CREDIT RATINGS PERFORMANCE MEASUREMENT STATISTICS

OTHER DISCLOSURES

تحديث (كما في 15 فبراير/شباط 2019): انسحاب بريطانيا من الاتحاد الأوروبي - تأثيراتها على التصنيفات الائتمانية

للاطلاع على آخر المستجدات الرجاء الضغط هنا

شركة "إس آند بي جلوبال ريتنجز يوروب ليمتد" هي شركة إيرلندية مقرها دبلن ومسجلة لدى الهيئة الأوروبية للأوراق المالية والأسواق كوكالة للتصنيف الائتماني بموجب القانون رقم 1060/2009 وتعديلاته (القانون). وبموجب القانون والتشريعات ذات الصلة، فإن التصنيفات الائتمانية الصادرة عن أو المعتمدة من قبل وكالات التصنيف الائتماني المسجلة في الهيئة الأوروبية للأوراق المالية والأسواق قد تكون قابلة للاستخدام في الاتحاد الأوروبي لأغراض تنظيمية محددة.

 

عملت وكالة "إس آند بي جلوبال للتصنيفات الائتمانية" بعدما قررت المملكة المتحدة الانسحاب من الاتحاد الأوروبي في العام 2016 على ضمان أن التصنيفات الائتمانية التي تَصْدر من مكاتبها في المملكة المتحدة وفي أي مكان خارج الاتحاد الأوروبي بعد انسحاب بريطانيا من الاتحاد الأوروبي ستظل صالحة للاستخدام لأغراض تنظيمية في دول الاتحاد الأوروبي. لهذا السبب قمنا مؤخراً بدمج العديد من كياناتنا العاملة في منطقة أوروبا والشرق الأوسط وأفريقيا ضمن شركة "إس آند بي جلوبال ريتنجز يوروب ليمتد". وتقوم هذه الشركة حالياً بممارسة عمليات التصنيف من خلال مكاتبها فروعها في لندن وموسكو ودبي وجوهانسبورغ والرياض. كما قمنا أيضاً بدمج عمليات التصنيف التي تجري في فروع الوكالة في فرانكفورت ومدريد ووارسو وباريس وميلان وستوكهولم بالشركة الإيرلندية أيضاً.

 

ولضمان قابلية استخدام التصنيفات الائتمانية التي تُصدرها وكالة "إس آند بي جلوبال للتصنيفات الائتمانية" لأغراض تنظيمية بموجب القانون المستقبلي قد التطوير لوكالات التصنيف الائتماني في المملكة المتحدة، نعمل على تسجيل وكالة تصنيف ائتمانية جديدة باسم "إس آند بي جلوبال ريتنجز يو كيه ليمتد" لدى سلطة المملكة المتحدة للممارسة المالية. بالإضافة لإصدارها لتصنيفاتها الائتمانية الخاصة بها، ستقوم "إس آند بي جلوبال ريتنجز يو كيه ليمتد" باعتماد التصنيفات الائتمانية الصادرة عن شركة "إس آند بي جلوبال ريتنجز يوروب ليمتد" والتصنيفات الائتمانية الصادرة عن مكاتب "إس آند بي جلوبال للتصنيفات الائتمانية" الأخرى في الدول المعتمدة. وفي حال عدم الاتفاق على خطة الانسحاب من الاتحاد الأوروبي بتاريخ 29 مارس/آذار 2019، نتوقع بأن يتم التعامل مع شركة "إس آند بي جلوبال ريتنجز يو كيه ليمتد" كوكالة مسجلة في سلطة المملكة المتحدة للممارسة المالية اعتباراً من ذلك التاريخ بموجب نظام تسجيل وكالات التصنيف الائتماني المؤقت في المملكة المتحدة. ولكن قدرة وكالات التصنيف الائتماني  المسجلة في المملكة المتحدة، كوكالة "إس آند بي جلوبال ريتنجز يو كيه ليمتد"، لاعتماد التصنيفات الائتمانية الصادرة عن وكالات التصنيف الائتماني بالاتحاد الأوروبي في المملكة المتحدة بموجب اللوائح المستقبلية لوكالات التصنيف الائتماني في المملكة المتحدة لا تزال مشروطة حالياً باعتراف سلطة المملكة المتحدة للممارسة المالية بالاتحاد الأوروبي كسلطة معتمدة. وكذلك الأمر إن قدرة وكالات التصنيف الائتماني في الاتحاد الأوروبي، كوكالة "إس آند بي جلوبال ريتنجز يوروب ليمتد" لاعتماد التصنيفات الائتمانية الصادرة عن وكالات التصنيف الائتماني بالمملكة المتحدة في الاتحاد الأوروبي لا تزال مشروطة حالياً باعتراف هيئة الأوراق المالية والأسواق الأوروبية بالممكلة المتحدة كهيئة منظمة معتمدة.

 

الإفصاح التنظيمي للمملكة العربية السعودية

مناهج ونماذج وفرضيات التصنيفات

معلومات حول المعايير التي تستخدمها وكالة إس آند بي جلوبال للتصنيفات الإئتمانية في المملكة العربية السعودية لممارسه نشاطها للتصنيفات الإئتمانية

النشاطات المساندة

معلومات حول النشاطات المساندة والخدمات الأخرى التي قد تقوم وكالة إس آند بي جلوبال للتصنيفات الإئتمانية في المملكة العربية السعودية

التضارب المحتمل في المصالح

معلومات حول التضارب المحتمل في المصالح في وكالة إس آند بي جلوبال للتصنيفات الإئتمانية في المملكة العربية السعودية

إجراءات دفع الأجور

معلومات حول إجراءات دفع الأجور لدى وكالة إس آند بي جلوبال للتصنيفات الإئتمانية في الممكلة العربية السعودية

قواعد السلوك

سياسات نشر التصنيف

تتناول السياسات التالية نشر وكالة إس آند بي جلوبال للتصنيفات الإئتمانية في المملكة العربية السعودية

سياسة التصنيفات غير المطلوبة

تقريرالشفافية

إحصائيات قياس أداء التصنيفات الائتمانية

إفصاحات أخرى

 

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in Singapore uses in its credit rating activities.

Structured Finance Disclosure Site

Information about certain structured finance products submitted to S&P Global Ratings in Singapore for initial review or for preliminary rating.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in Singapore.

Potential Conflicts of Interest

Information on potential conflicts of interest at S&P Global Ratings in Singapore.

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in Singapore.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in Singapore.

Unsolicited Ratings Policy

Annual Disclosures

Other Disclosures

On 6 May 2014, S&P Global Ratings (conducting business in South Africa through the South Africa branch of Standard & Poor’s Credit Market Services Europe Limited (“SPCMSE”)) became registered as a Credit Rating Agency in South Africa in accordance with Section 5(1) of the Credit Rating Services Act, 24 of 2012.

On 30 June 2018, SPCMSE merged with S&P Global Ratings Europe Limited (“SPGRE”), an Irish company, with SPGRE becoming the South African registered entity on that date.

As SPGRE is the legal successor of SPCMSE, credit ratings issued/assigned by the SPCMSE South Africa Branch should be considered as if they were issued/assigned by the SPGRE South Africa Branch as of the merger date of 30 June 2018. In accordance with our Surveillance Policy, all outstanding credit ratings issued by the SPGRE South Africa Branch are subject to ongoing and at least annual review.

The following documents fulfill regulatory commitments and enhance transparency of S&P Global Ratings' business operations in South Africa.

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings in South Africa uses in its credit rating activities.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings in South Africa.

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings in South Africa.

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings in South Africa.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings in South Africa.

Unsolicited Ratings Policy

Annual Report

Credit Ratings Performance Measurement Statistics

Credit rating performance measurement statistics are disclosed in Exhibit 1 of United States Securities and Exchange Commission Form NRSRO.

UPDATE (as of February 15th, 2019): Brexit – Implications for Credit Ratings

Click here for most recent update

S&P Global Ratings Europe Limited (SPGRE), a Dublin-based Irish company is registered with the European Securities and Markets Authority (ESMA) as a credit rating agency (CRA) under Regulation (EC) No. 1060/2009 as amended (“the Regulation”). Under the Regulation and related legislation, credit ratings issued or endorsed by ESMA-registered CRAs may be usable in the EU for certain regulatory purposes.

After the UK determined in 2016 to leave the EU (“Brexit”), we have worked to ensure that credit ratings issued by S&P Global Ratings in the UK and elsewhere outside the EU post-Brexit will still be usable for EU regulatory purposes. For this reason, we recently merged many of our EMEA operating entities into SPGRE. Rating operations carried on in our London, Moscow, Dubai, Johannesburg and Riyadh offices are now being conducted by SPGRE through its branches in those locations. We also merged our Frankfurt, Madrid, Warsaw, Paris, Milan, and Stockholm rating operations into SPGRE with such operations now being conducted through its branches there.

To ensure that S&P Global Ratings’ credit ratings are also usable for regulatory purposes under the emerging future CRA regulation in the UK, we are registering a new CRA, S&P Global Ratings UK Limited (SPGRUK), with the UK Financial Conduct Authority (FCA). In addition to issuing its own credit ratings, SPGRUK will endorse credit ratings issued by SPGRE and by other S&P Global Ratings offices in endorsable jurisdictions. In case of a no-deal Brexit on 29 March 2019, we expect SPGRUK to be treated as registered with the FCA from that date under the UK’s temporary CRA registration regime. However, the ability of UK CRAs, such as SPGRUK, to endorse credit ratings issued by EU CRAs into the UK under the future UK CRA regulation is currently still conditional upon the FCA recognizing the EU as an endorsable jurisdiction. Similarly, the ability of EU CRAs, such as SPGRE, to endorse credit ratings issued by UK CRAs into the EU is currently still conditional upon ESMA recognizing the UK as an endorsable jurisdiction.

Ratings Methodologies, Models, and Assumptions

Information on the models and criteria which S&P Global Ratings uses in its credit rating activities.

Calendar of Publication Dates for Sovereign, Regional & Local Government Ratings

This calendar sets out publication dates for sovereign ratings and related rating outlooks. S&P Global Ratings has nominated two publication dates for each sovereign it currently rates from Europe, the Middle East and Africa, including sovereigns that have solicited and unsolicited ratings. As required by regulation, all publication dates are on Fridays and deviation from the calendar is only permitted in exceptional circumstances, to meet regulatory obligations. Any deviation would be accompanied by a detailed explanation.

Preliminary Ratings Disclosure List

Information about certain entities or debt instruments submitted to S&P Global Ratings for initial review or preliminary rating.

Ancillary Services

Information on Ancillary and Other Services that may be provided by S&P Global Ratings.

Potential Conflicts of Interest

Information regarding potential conflicts of interest at S&P Global Ratings.

Compensation Arrangements

Information on compensation arrangements of S&P Global Ratings.

Code of Conduct

Rating Publication Policies

The following Policies address publication of Credit Ratings by S&P Global Ratings.

Unsolicited Ratings Policy

Shareholders and Directorships

Other Disclosures

ESMA - S&P Global Ratings' Endorsement of Ratings

As of 30 April 2012, global scale ratings issued by the following entities are endorsable*:

  • Argentina: Standard & Poor's Ratings Argentina S.r.l, Agente de Calificacion de Riesgo
  • Australia: Standard & Poor's (Australia) Pty Ltd
  • Brazil: Standard & Poor's Ratings do Brasil, Ltda
  • Canada: Standard & Poors Ratings Services (Canada), a business unit of the McGraw-Hill Companies (Canada) Corp.
  • Hong Kong: Standard & Poor's Hong Kong Ltd
  • Japan: Standard & Poor's Ratings Japan K.K. and Nippon Standard & Poor's K.K.
  • Mexico: Standard & Poor's SA de CV
  • Singapore: Standard & Poor's Singapore Pte Ltd
  • United States*: Standard & Poor's Financial Services LLC

* Note: for U.S. Public Finance, we will endorse ratings "on request," as we expect limited market demand for these endorsements.

We understand that only those ratings bearing the EU and EE identifiers are usable for certain regulatory purposes in the EU. S&P Global Ratings' definitions of these identifiers can be found under section "VII. OTHER IDENTIFIERS" on the S&P Global Ratings' Definitions page.