Capital Intelligence introduces novel covered bond rating approach
Covered bond ratings newcomer, Capital Intelligence Ratings (CI), has set out its covered bond rating methodology. Its approach uses the same main credit risk elements as the other agencies, but differs markedly in the way that it brings these elements together, and how it sees cover pool quality.
CI has been active as a rating agency for 35 years but this week the agency set out its approach to rating covered bonds.
As with the other agencies’ methodologies, CI has a three pillar approach starting with the issuer credit rating (ICR) then the covered bond legal and
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