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Senior Unsecured Issuer Ratings |
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Senior Unsecured Issuer Ratings are opinions of the ability of
entities to honor senior unsecured financial obligations and
contracts denominated in foreign and/or domestic currency. Foreign
Currency Issuer Ratings are subject to Moody's Foreign Currency
Country Ceilings. |
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Counterparty Ratings |
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Issuer ratings that are assigned to derivative product companies and
clearinghouses (known as counterparty ratings) are opinions of the
financial capacity of an obligor to honor its senior obligations
under financial contracts, given appropriate documentation and
authorizations. |
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Bank Issuer Ratings |
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Issuer ratings that are assigned to banks are opinions of the
financial capacity of a bank to honor its senior unsecured financial
contracts. |
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Government Issuer Ratings |
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Issuer ratings represent
Moody's opinion about the
debt-service-repayment capacity of a government entity. Issuer
ratings are assigned based on Moody's independent evaluation of a
government entity's specific credit characteristics. |
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Senior Implied Ratings |
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Moody's Senior Implied Issuer Ratings are generally employed within
the speculative-grade universe. The Senior Implied Issuer Rating is
an opinion of an issuer's ability to honor its financial obligations
and is assigned to an issuer as if it had a single class of debt and
a single consolidated legal entity structure. The Senior Implied
Issuer Rating differs from Moody's Senior Unsecured Issuer Rating,
which speaks to an obligor's senior unsecured obligations that may
be junior in its capital structure and that also reflects the
obligor's actual corporate structure. By contrast, the Senior
Implied Issuer Rating assumes away such structural and legal
complexities. |
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Moody's Issuer Rating Symbols |
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Moody's rating symbols for Issuer Ratings are identical
to those used to show the credit quality of bonds. These rating
gradations provide creditors with a simple system to measure an
entity's ability to meet its senior financial obligations. |
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Aaa |
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Issuers rated Aaa offer exceptional financial security.
While the creditworthiness of these entities is likely
to change, such changes as can be visualized are most
unlikely to impair their fundamentally strong position. |
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Aa |
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Issuers rated Aa offer excellent financial security.
Together with the Aaa group, they constitute what are
generally known as high-grade entities. They are rated
lower than Aa-rated entities because long-term risks
appear somewhat larger. |
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A |
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Issuers rated A offer good financial security. However
elements may be present which suggest a susceptibility
to impairment sometime in the future. |
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Baa |
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Issuers rated Baa offer adequate financial security.
However, certain protective elements may be lacking or
may be unreliable over any great period of time. |
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Ba |
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Issuers rated Ba offer questionable financial security.
Often the ability of these entities to meet obligations
may be moderate and not well safeguarded in the future. |
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B |
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Issuers rated B offer poor financial security. Assurance
of payment of obligations over any long period of time
is small |
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Caa |
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Issuers rated Caa offer very poor financial security.
They may be in default on their obligations or there may
be present elements of danger with respect to punctual
payment of obligations. |
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Ca |
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Issuers rated Ca offer extremely poor financial
security. Such entities are often in default on their
obligations or have other marked shortcomings. |
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C |
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Issuers rated C are the lowest-rated class of entity,
are usually in default on their obligations, and
potential recovery values are low. |
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Highlights |
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Ezz Steel Rebars Company (ESR) - July...
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MERIS Maintained the National Scale Rating (NSR) of a "BBB-" for the Entity Rating and the Instrument Rating of Ezz Steel Co. 2nd bond issue. The...
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More..
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Egyptian Securitization Company (ESC) -...
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Egyptian Securitization Company (ESC) - 2nd Issue - 2009-2014 - July...
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More..
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Structured Finance Presentation |
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A structured finance security is a security backed by a pool of assets (underlying assets) such as real estate, trade receivables, marketable ... |
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More.. |
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Financial markets should be
efficient and fair to all market
participants. Credit rating agencies
play an important information role
in these markets. Moody’s Investors
Service (“Moody’s”) provides
opinions in the form of credit
ratings and related ... |
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More.. |
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