Regulatory

Methodologies

Egan-Jones Ratings employs a largely quantitative approach to monitor our universe of debt issuers. While we also provide qualitative input within our reports to highlight special situations reflective from our proprietary methodology.

Description Version Effective Date Changes Status
Procedures and Methodologies for Determining Credit Ratings 12 April 5, 2019
  • Modify the description of the rating symbols in “APPENDIX 6 CREDIT RATING SYMBOLS, NUMBERS, OR SCORES”
  • Modify THE DEFINITION OF A “RATING” in Appendix I - “EGAN-JONES’S RATING PHILOSOPHY”
  • Other editorial changes.
Current
Comments
Procedures and Methodologies for Determining Credit Ratings 11 Jan. 21, 2019
  • Provide clarification to Appendix III - “COLLATERAL, SECURITY AND OTHER SURPPORT” regarding ground leases;
  • Add a paragraph in Appendix III - “CREDIT TENANT LEASES AND OTHER SECURED OBLIGATIONS” to provide clarification regarding credit tenant leases and other secured obligations;
  • Add Appendix 12 - “Methodology for Rating Credit Tenant Lease Transactions and Other Secured Corporate Obligations” to provide detailed explanation regarding credit tenant leases and other secured obligations;
  • Editorial changes.
Deprecated
Comments
Procedures and Methodologies for Determining Credit Ratings 10 Nov. 5, 2018
  • Provide clarification to Appendix V “PREFERRED SHARE AND HYBRID CRITERIA FOR CORPORATE ISSUERS”
  • Provide clarification to Appendix X “FUND METHODOLOGY”
  • Add APPENDIX XI “PROJECT FINANCE & INFRASTRUCTURE”
  • Editorial changes
Deprecated
Comments
Procedures and Methodologies for Determining Credit Ratings 9 July 26, 2018
  • Provide additional details on the RRC voting process in “Rating Review and Ratings Review and Policy Committee” section;
  • Provide additional details on the non-subscription rating process in “APPENDIX 8 NON-SUBSCRIPTION RATINGS” section;
  • Clarify Loan-to-Value and Debt Service method in the Collateral, Security and Other Support section;
  • Add the content regarding the equity assets in the fund and leveraged fund in “APPENDIX 10 Fund Methodology” section;
  • Editorial changes.
Deprecated
Comments
Procedures and Methodologies for Determining Credit Ratings 8 Oct. 10, 2017
  • Add third party client repeal content in the Issuer and Client Appeals section;
  • Add indicative rating process in APPENDIX 8 NON-SUBSCRIPTION RATINGS section.
  • Editorial changes.
Deprecated
Comments

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Egan-Jones Ratings Company employ a largely quantitative approach to monitor our universe of issuers of debt, while we also provide qualitative input within our reports to highlight special situations reflective of our proprietary methodology.

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