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评级报告

如何区分金融机构评级中的集团特殊支持和集团持续性支持

CSRC Refinancing Support Looks to Ease Pressure on Property Developers

Bank Industry Credit Quality to Remain Stable Amid Calls for More Lending to Property Developers

售前评级报告:吉时代2022年第五期个人汽车抵押贷款资产支持证券,2022年11月30日

Presale: Generation 2022-5 Retail Auto Mortgage Loan Securitization, November 30, 2022


如何区分金融机构评级中的集团特殊支持和集团持续性支持

集团影响是很多金融机构主体信用等级的重要组成部分。集团影响分为正面的集团支持和负面的集团干预两类。集团影响也可分为持续性影响和特殊影响两类。个体信用状况通常包括持续性支持或持续性负面影响,但不包括危机情况下特殊支持或负面干预。根据我们对国内500家主要金融机构的案头分析,大部分集团影响都是正面的集团支持,但也有少部分机构会受到负面的集团干预。

持续性支持通常指的是日常经营当中发生的支持活动。持续性支持一般会体现在机构的个体信用状况里。集团的持续性支持可能反映在业务状况、资本与盈利性、风险状况、融资与流动性的单独评估项中,也可能综合体现在个体信用状况的补充调整项中。

集团特殊支持指的是在子公司发生危机时,集团为子公司提供特殊支持的可能性。集团特殊支持通常并不包括在个体信用状况中,但是主体信用等级的一部分。



CSRC Refinancing Support Looks to Ease Pressure on Property Developers

On November 28, 2022, the China Securities Regulatory Commission (“CSRC”) issued a number of measures on capital market financing for real estate developers. These included a green light for M&A activity and related financing support for listed developers, resumption of refinancing for listed real estate companies, optimization of refinancing policies for Hong Kong-listed property developers, promotion of issuance of REITs and the establishment of private equity funds.

Click the link below to read more.



Bank Industry Credit Quality to Remain Stable Amid Calls for More Lending to Property Developers

On November 23, the People's Bank of China (“PBOC”) and the China Banking and Insurance Regulatory Commission (“CBIRC”) issued a notice “Providing Financial Support for the Stable and Healthy Development of the Real Estate Market.” The notice included 16 guidelines which, in our view, should help stabilize credit quality in the real estate sector. This in turn should play a positive role in maintaining stable credit quality in the banking industry.



售前评级报告:吉时代2022年第五期个人汽车抵押贷款资产支持证券,2022年11月30日

2022年11月30日,标普信评发布吉时代2022年第个人汽车抵押贷款资产支持证券售前评级报告。

Click here to view the English version.



Presale: Generation 2022-5 Retail Auto Mortgage Loan Securitization, November 30, 2022

On November 30, 2022, S&P Global (China) Ratings published its presale report on Generation 2022-5 Retail Auto Mortgage Loan Securitization. Please click the button below to read the report in PDF.