U.S. Local Government General Obligations
US Local Government General Obligation Methodology
Corporate Debt Credit Risk Evaluation
This document details the methodology HR Ratings uses for the evaluation of corporate related debt. Our methodology.is primarily based on the issuers historic, current and projected financialstatements.
Unsecured Rating for Mexican Municipalities
Methodology of Unsecured Debt Ratings for Mexican Municipalities
Sovereign Debt Methodology
This document details the HR Ratings methodology for assessing sovereign risk on
global scale. This methodology includes core concepts in terms of the dimensions of
sovereign risk and describes the models and criteria used to assess that risk. The
methodology compares the sovereign with similar sovereigns with a broad crosssection.
Additionally, the methodology considers long-term projections in terms of
the evolution of key debt metrics for the sovereign analyzed. We also consider the ability
of the sovereign, and its economy, to deal with stress. The methodology places
importance on the sovereigns external accounts, which flows determine the external
liquidity of the economy.
General Methodological Criteria
Our credit ratings need to be understood as rankings of the relative creditworthiness of different entities or credits. Creditworthiness takes into consideration both the ability and willingness to meet debt obligations in the manner prescribed in the relevant documentation. Default refers to the non-compliance of previously agreed obligations. Later on this document, we present the type of defaults that we recognize and the evaluation that is made over the impact that the default will have in certain obligations over the entitys rating.
Sustainable Bond Rating Methodology
The Sustainable Bonds Rating Methodology (XBRM) determines whether a bond can be considered sustainable and offers a scale to compare the expected benefits of sustainable projects.
Evaluation of the Integrity Policy
This Methodology provides the guidelines by which HR Ratings assesses compliance with the Integrity Policy of an entity or organization