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Credit Rating Methods for Public–Private Partnership Infrastructure Projects and Small and Medium-Sized Enterprises in South Asia

dc.contributor.authorJiro Tsunoda
dc.contributor.authorRamraj Pai
dc.contributor.authorPawan Agrawal
dc.description.abstractA credit rating compresses an enormous amount of diverse information into a single symbol. Credit quality embraces relative default probability, loss severity, financial strength, and transition risk. The purpose of this rating methodology is to help domestic credit rating agencies (DCRAs), issuers, investors, regulators, and other market participants understand how public–private partnership (PPP) projects could be assessed, and to explain how key quantitative and qualitative risk factors can be mapped to specific rating outcomes. This paper does not present an exhaustive treatment of each and every factor reflected in ratings of PPP projects and small and medium sized enterprises, but it should enable the reader to understand the key rating factors used by DCRAs in the final rating determination. It covers this ground and suggests rating methodologies that can help reduce procedural bottlenecks and thus boost credit availability in South Asia.
dc.publisherAsian Development Bank
dc.rightsCC BY-NC-ND 3.0 IGO
dc.titleCredit Rating Methods for Public–Private Partnership Infrastructure Projects and Small and Medium-Sized Enterprises in South Asia
dc.typeOther Content
dc.subject.expertTrade Finance
dc.subject.expertRisk Financing
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Finance
dc.subject.expertInfrastructure Financing
dc.subject.expertFinancing of Infrastructure
dc.subject.expertFinancial Security
dc.subject.expertFinancial Intermediation
dc.subject.expertFinance And Trade
dc.subject.expertEnterprise Financing
dc.subject.expertTrade Regulation
dc.subject.expertTrade Finance
dc.subject.expertRegional Trade Agreements
dc.subject.expertGeneral Agreement On Tariffs And Trade
dc.subject.adbBusiness Financing
dc.subject.adbInvestment Requirements
dc.subject.adbCapital Needs
dc.subject.adbTax Incentives
dc.subject.adbProject Risks
dc.subject.adbTariff agreements
dc.subject.adbCustoms convetions
dc.subject.adbImport policy
dc.subject.adbExport policy
dc.subject.naturalUse tax
dc.subject.naturalTax administration and procedure
dc.subject.naturalTaxing power
dc.subject.naturalEffect of taxation
dc.subject.naturalBusiness enterprises
dc.subject.naturalForeign trade and employment
dc.subject.naturalMentoring in business
dc.subject.naturalTrade routes
dc.title.seriesSouth Asia Operational Knowledge Working Paper Series
dc.contributor.imprintAsian Development Bank
oar.themeLabor Migration
oar.themeSmall Medium Business
oar.adminregionSouth Asia Region
oar.countrySri Lanka
oar.authorTsunoda, Jiro
oar.authorPai, Ramraj
oar.authorAgrawal, Pawan

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