2.3.1.2 Credit Rating

This topic describes about the procedure to specify credit rating for a liability.

When liability is created, bank access the credit rating for the liability. You can link all the rating parameters to which the liability is associated in the liability Credit Rating screen.

  1. On previous data segment , click Next.
    The Credit Rating screen displays. For more information on fields, refer to the field description table.

    Table 2-49 Credit Rating - Field Description

    Field Description
    Agency Name Click the Search icon and select the credit rating agency name from the list.
    Credit Rating Click the Search icon and select the credit rating from the list. User can maintain multiple ratings from different external credit rating agencies for a single liability, but only one internal credit rating for a single liability.
    Primary Select one of the credit ratings as the primary rating for liability.

    The ratings from multiple agencies of external type can be assigned to a liability of which one should be marked as primary. Only one internal credit rating can be maintained which by default is considered Primary. The internal credit rating marked as Primary is shown in Internal Credit Rating field of Liability Maintenance screen. Similarly, external credit rating marked as Primary is shown in External Credit Rating field of Liability Maintenance screen.

    The modification of primary from one agency to another is allowed.

    When a primary credit rating at liability level is modified to a rating with a lower priority, then an alert is triggered. The alert of such liabilities is displayed in the dashboard.

    Effective Date Specify the effective date while associating a credit rating to a liability.

    It is mandatory to select the effective date while associating the credit rating. Effective date can be backdated and not future dated. For the same agency, multiple ratings cannot be assigned for the same effective date.

    If multiple modifications are done for a particular agency with the same effective date, then the last modification is taken into consideration.

    Credit Rating Agency Type Displays the credit rating agency type.
  2. Click View History.
    The Liability Credit Rating screen displays.

    Figure 2-60 Liability Credit Rating History



  3. Click Next to navigate to the next data segment.