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评级报告

标普信评首次发布标杆企业主动评级,向市场展示合理评级区分度

Our Approach to Analyzing Commercial Leasing Companies

评级行动:评定“速利银丰中国梅赛德斯-奔驰租赁有限公司2022年度第一期资产支持票据” 优先级票据信用等级为AAAspc(sf)

Rating Action: Silver Arrow Benz Leasing 2022-1 ABN Senior Notes Assigned AAAspc(sf) Ratings

Credit Analysis of China’s Four G-SIBs’ TLAC-Eligible Non-Capital Bonds


标普信评首次发布标杆企业主动评级,向市场展示合理评级区分度

标普信评今日发布了25家针对中国机构的主动评级报告,旨在通过更广泛的评级覆盖进一步向投资者展示标普信评的信用观点和评级区分度,从而助力推动中国信用市场透明度的提升。同时,标普信评也发布了一份《标杆企业主动评级常见问题答疑》报告,以解答市场参与者有关标普信评首次发布主动评级以及此次评级结果的相关问题。

本次选取的机构涵盖房地产开发、交通基础设施 (包含城投)、银行、保险、券商、建筑材料、基础化工等十多个行业,包括19家工商企业和6家金融机构。这些机构或是所在行业的代表性企业,或在各自行业中具备典型的经营和财务特征,从而能够较好地揭示标普信评评级方法论在不同行业中的应用情况,为市场提供信用风险评估的有效指引。

本次授予的主体评级级别覆盖了从Bspc(u)到AAAspc(u)的几乎所有级别,展示了标普信评不同评级序列对应的信用风险水平。在监管积极推动国内评级行业高质量发展的背景下,我们也希望本次发布能够进一步推动评级行业评级质量和区分度的提升。



评级行动:评定“速利银丰中国梅赛德斯-奔驰租赁有限公司2022年度第一期资产支持票据” 优先级票据信用等级为AAAspc(sf)

北京,2022年5月19日-标普信评今日宣布,已评定“速利银丰中国梅赛德斯-奔驰租赁有限公司2022年度第一期资产支持票据”项下优先级资产支持票据(以下简称“优先级票据”)的信用等级为AAAspc(sf)。该交易由梅赛德斯-奔驰租赁有限公司发起。

 

等级列表:  

优先级:AAAspc(sf)

 

相关方法:  

标普信用评级(中国)— 结构融资评级方法论  

  

相关评论与研究:  

评论:解读标普信用评级(中国)个人消费贷款资产支持证券分析方法  

稳中求进 | 标普信评2022年行业展望

 

相关模型:  

标普信用评级(中国)结构融资现金流模型  

 

传媒联络人:

汤劭颖,北京;(86)10-6569-2988;sharon.tang@spgchinaratings.cn

 

分析师

张恩杰,北京;enjie.zhang@spgchinaratings.cn

李佳蓉,北京;jiarong.li@spgchinaratings.cn

杜洁琼,北京;jieqiong.du@spgchinaratings.cn

Click here to view the English version.



Rating Action: Silver Arrow Benz Leasing 2022-1 ABN Senior Notes Assigned AAAspc(sf) Ratings

BEIJING, May 19, 2022- S&P Global (China) Ratings has assigned its rating AAAspc(sf) to Silver Arrow Benz Leasing 2022-1 Asset Backed Notes (SABL 2022-1 ABN) Senior Notes. The transaction was originated by Mercedes-Benz Leasing Co. Ltd. (MBLC).

 

List of Ratings:

Senior: AAAspc(sf)

 

Methodology Applied:

S&P Ratings China--Structured Finance Methodology
 
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Seeking Growth and Stability | China Outlook 2022
 
Models Applied:
SPG China Ratings Structured Finance Cash Flow Engine

 

Media Contacts:

Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.cn

 

Analyst Contacts:

Enjie Zhang, Beijing;    enjie.zhang@spgchinaratings.cn

Jiarong Li, Beijing; jiarong.li@spgchinaratings.cn

Jieqiong Du, Beijing;    jieqiong.du@spgchinaratings.cn



Credit Analysis of China’s Four G-SIBs’ TLAC-Eligible Non-Capital Bonds

We expect the issuance of non-capital bonds to play an important role in ensuring China’s 4 G-SIBs meet total-loss-absorbing capacity (TLAC) standards. At the end of April 2022, the People's Bank of China (PBoC) and China Banking and Insurance Regulatory Commission (CBIRC) jointly issued a notice on TLAC-eligible non-capital bonds issued by global systemically important banks (G-SIBs). The notice follows TLAC-related management measures for G-SIBs which were released by the PBoC, CBIRC and Ministry of Finance in October 2021, and clarifies the key attributes and issuance regulations applicable to TLAC-eligible non-capital bonds.

Click the link below to read more.