2.1.2.2 Limit Credit Rating

This topic describes about the detailed information on Limit Credit Rating in Facilities Maintenance.

Banks sometimes give credit ratings to the facilities sanctioned based on customer’s standing. OBELCM provides for capturing both external as well as internal credit ratings at the facility level. Considering that credit ratings can change over a period, provision is made available to show history of credit ratings at the entity level.

This section explains the details of maintaining credit ratings at the entity level and display of history.

  1. Click Next in previous data segment to proceed with the next data segment, after successfully capturing the data.
    The Limit Credit Rating screen displays.

    Figure 2-15 Limit Credit Rating



    For more information on fields, refer to the field description table.

    Table 2-20 Limit Credit Rating

    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 external credit rating agencies for a single facility. However, user can maintain only one internal credit rating agency for a single facility.
    Primary Rating Switch to On to make the agency as primary for facility.

    Switch to Off to make the agency as not primary for facility.

    The ratings from multiple agencies of external type can be assigned to a facility 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 in the Facilities details screen. Similarly, external credit rating marked as Primary is shown in External Credit Rating field in the Facilities details screen. The modification of primary from one agency to another is allowed. Note: When a primary credit rating at facility level is modified to a rating with a lower priority, then an alert is triggered. The alert of such facilities is displayed in the dashboard.
    Effective Date Specify the effective date while associating a credit rating to a facility. 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.

    For backdated facilities, rating effective date cannot be prior to the facility start 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 Select the agency type as Internal or External. These values get defaulted from the Credit Rating Agency Maintenance screen on selecting the agency name.
  2. ClickNext to navigate to the next data segment, after successfully capturing the data.

Note:

Credit rating changes for a facility from an agency like credit rating, primary to non-primary and vice-versa are stored in history with effective date and same are available for viewing from View History button for a particular agency name.