2.8.4 Credit Rating

This topics describes about the procedure to specify credit rating for a liability.

Note:

The fields, which are marked with an asterisk, are mandatory.

When liability is created, bank access the credit rating for the liability. You can link all the rating parameters to which the liability is associated in the liability Credit Rating screen.

1. On Liability Maintenance screen, click Credit Rating tab.
   The Credit Rating screen displays.

   Figure 2-28 Credit Rating

   
   

   
   Description of "Figure 2-28 Credit Rating"

   
   

   For more information on fields, refer to the field description table.

   Table 2-26 Credit Rating - Field Description

   Field	Description
   Agency Name	Click the icon and select the credit rating agency name from the list.
   Credit Rating	Click the icon and select the credit rating from the list. User can maintain multiple external credit rating agencies for a single liability, but only one internal credit rating agency for a single liability.
   Primary	Select one of the credit ratings as the primary rating for liability. The ratings from multiple agencies of external type can be assigned to a liability of which one should be marked as primary. Only one internal credit rating can be maintained which by default is considered Primary. The internal credit rating marked as Primary is shown in Internal Credit Rating field of Liability Maintenancescreen. Similarly, external credit rating marked as Primary is shown in External Credit Rating field of Liability Maintenance screen. The modification of primary from one agency to another is allowed. When a primary credit rating at liability level is modified to a rating with a lower priority, then an alert is triggered. The alert of such liabilities is displayed in the dashboard.
   Effective Date	Specify the effective date while associating a credit rating to a liability. It is mandatory to select the effective date while associating the credit rating. Effective date can be backdated and not future dated. For the same agency, multiple ratings cannot be assigned for the same effective date. If multiple modifications are done for a particular agency with the same effective date, then the last modification is taken into consideration.
   Credit Rating Agency Type	Select the type from the drop-down list. The options are: Internal External Note: These filed will be defaulted from the Credit Rating Agency Maintenance screen.
   Credit Rating and Effective Date	If the credit rating for a specific agency is modified along with the Effective date at a liability level, then the existing is recorded in the Liability Credit Ratings History section.

2. Click Save to save the record.