Scope Ratings updates its Rating Definitions
Long-term vs short-term Credit Rating correspondence table
Short-term Credit Ratings can be derived from the long-term Credit Ratings, see section 3.3 of Scope Ratings’ Rating Definitions, available here.
Scope Ratings today republished its Ratings Definitions. In the 06/05/2022 update the long-term vs short-term Credit Rating correspondence table included an error. The error related the S-1 short-term Credit Rating mapped to AA- to BBB+ long-term Credit Ratings instead of AA- to A- long-term Credit Ratings. The republication reinstates the correspondence of the S-1 Credit Rating as in previous versions. This amendment does not have any impact on any of Scope Ratings’ Credit Ratings.
The updated Credit Rating Definition document is available here.
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