Em 24 de setembro de 2007, a U.S. Securities and Exchange Commission concedeu à Standard & Poor's Ratings Services** o registro de organização de classificações estatísticas nacionalmente reconhecidas (Nationally Recognized Statistical Rating Organization - "NRSRO") de acordo com o U.S. Credit Rating Agency Reform Act de 2006 (conhecido como "Act"). O registro se aplica a todas as cinco classes de ratings de crédito para as quais o NRSRO pode ser registado nos termos da Lei:

  • instituições financeiras, corretoras, ou distribuidores;
  • companhias de seguro;
  • emissores corporativos;
  • emissores de títulos lastreados em ativos;
  • emissores de títulos de governos e municípios ou títulos emitidos por um governo estrangeiro.

De acordo com o Ato, disponibilizamos nosso atual formulário NRSRO e os exhibits não confidenciais nesta página.

 

**O nome da Standard & Poor’s Ratings Services mudou para S&P Global Ratings em 27 de abril de 2016. Porém, o nome antigo poderá ser usado durante um período de transição.

Credit ratings performance measurement statistics. Exhibit 1 is attached and made a part of this Form NRSRO. This Exhibit consists of:

  1. Performance measurement statistics consisting of transition and default rates for each class (and applicable subclass) for which S&P Global Ratings is registered as an NRSRO through the most recent calendar year-end for one, three and ten-year periods for the following:

    • Financial Institutions, Brokers, or Dealers
    • Insurance Companies
    • Corporate Issuers
    • Issuers of Asset-Backed Securities (RMBS, CMBS, CLO, CDO, ABCP, other ABS, other Structured Finance)
    • Sovereign Issuers
    • U.S. Public Finance
    • International Public Finance
  2. Credit rating definitions of the designations used to distinguish the creditworthiness of rated obligors, securities and money market instruments.

  3. History of Rating Actions

    In accordance with the rules of the Securities and Exchange Commission (the "Commission"), the NRSRO makes and keeps publicly available on its internet website in an interactive data file in XBRL format the ratings action information required pursuant to 17 CFR §240.17g-7(b), at the following URL: https://www.standardandpoors.com/en_US/web/guest/regulatory/ratingshistory

  4. Method of Calculating Performance Measurement Statistics

 

A description of the procedures and methodologies used in determining credit ratings. Exhibit 2 is attached and made a part of this Form NRSRO.

The following documents attached below describe the procedures and methodologies used in determining credit ratings.

Note: Capitalized terms used but not defined in the policies below generally will have the meanings assigned in the Glossary of Terms included within this Exhibit.

Policies or procedures adopted and implemented to prevent the misuse of material, nonpublic information. Exhibit 3 is attached and made a part of this Form NRSRO.

Note: Capitalized terms used but not defined in the policies below generally will have the meanings assigned in the Glossary of Terms included within Exhibit 2 to this Form NRSRO.

* To meet local regulatory requirements, a Code of Conduct is in effect in Australia in addition to the global Code of Conduct.

Organizational structure. Exhibit 4 is attached to and made a part of this Form NRSRO. 

SPGI's operations are described below.

Attached below are:

The code of ethics in effect at the credit rating agency or a statement of the reasons why the credit rating agency does not have a code of ethics. Exhibit 5 is attached and made a part of this Form NRSRO.

Note: Capitalized terms used but not defined in the policies below generally will have the meanings assigned in the Glossary of Terms included within Exhibit 2 to this Form NRSRO.

* To meet local regulatory requirements, a Code of Conduct is in effect in Australia in addition to the global Code of Conduct.

Identification of conflicts of interests relating to the issuance of credit ratings. Exhibit 6 is attached to and made part of this Form NRSRO.

Certain information regarding the credit rating agency's credit analysts and credit analyst supervisors. Exhibit 8 is attached to and made a part of this Form NRSRO.

Note: Capitalized terms used but not defined in the document below generally will have the meanings assigned in the Glossary of Terms included within Exhibit 2 to this Form NRSRO.

The following documents attached below further describe the analytical education policy with respect to credit analysts:

Certain Information Regarding the Credit Rating Agency's Designated Compliance Officer. Exhibit 9 is attached to and made a part of this Form NRSRO.

List of Material Changes Pursuant to Form NRSRO Instruction F.