Today Nordic Credit Rating AS (NCR) published an update to its Rating Principles methodology. The changes have no impact on NCR's existing ratings.
Rating Principles describes NCR’s overall rating framework, including rating scales and rating outlooks. The most important updates are:
- an expansion of our definition of default to ensure consistency with international standards; and,
- a clarification of the impact on issuer ratings when the use of non-payment or write-down features in hybrid debt instruments or preference shares result in an issue rating on of 'D'.
The full criteria documents are available at:
https://nordiccreditrating.com/governance/methodologies.
Contact details:
Sean Cotten, Lead analyst, +46 732 32 43 78
Michael Andersson, Chief Rating Officer, +46 732 32 43 22