Summary
Please join S&P Global Ratings' leading Financial Institutions analysts for a live interactive webinar on Wednesday, October 14, where they will discuss our new criteria for assigning Bank Ratings Excluding Government Support (RXGs).
Key discussion points include:
- What is the background to the introduction of this new special-purpose rating?
- What does the RXG represent, and how do we determine the level of an RXG for a bank?
- What is the process for assigning and publishing RXGs?
Further details on the new criteria can be found in the following publications:
- Criteria | Financial Institutions | General: Methodology For Bank Ratings Excluding Implicit Government Support
- RFC Process Summary: RFC Results For Methodology For Bank Ratings Excluding Implicit Government Support
- Bank Ratings Excluding Government Support Methodology Published
The RXG rating addresses changes stemming from implementation of a part of the Basel III capital standards contained in "Basel III: A Global Regulatory Framework For More Resilient Banks And Banking Systems," published by the Basel Committee on Banking Supervision. The rating reflects an assessment of an issuer's creditworthiness without considering extraordinary government support.
The RXG does not replace or alter existing credit ratings on banks. Our existing issuer credit rating on a bank continues to be our opinion of that bank's overall creditworthiness.
Speakers:
Francesca Sacchi, Director, Financial Services Methodologies
Robert Hansen, Director, Financial Institutions Ratings
Anais Ozyavuz, Associate Director, Financial Institutions Ratings
Moderator:
Matthew Albrecht, Chief Analytical Officer, Financial Services
Michelle Brennan, Managing Director, Financial Services Methodologies
This webinar is free of charge.