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___ Ratings /ratings/en/index content esgSubNav Explore S&P Global * S&P Global * S&P Dow Jones Indices * S&P Global Market Intelligence * S&P Global Mobility * S&P Global Commodity Insights * S&P Global Ratings * S&P Global Sustainable1 Close Discover more about S&P Global’s offerings English * Arabic * Chinese * Hebrew * Spanish * Portuguese * Russian * Japan * *BRC Ratings – S&P Global * India-CRISIL * Taiwan Ratings Login Register Reset Password Product Login * S&P Capital IQ Pro * Ratings360® Ratings * About Ratings * Research & Insights * Sectors * Regulatory * Products & Benefits * Events * About Ratings * Need a Rating? * Understanding Credit Ratings * Intro to Credit Ratings * ESG in Credit Ratings * Ratings Actions * Presale Reports * Ratings Criteria and Models * Request for Comment * Press Releases * Annual Reviews * Research & Insights RESEARCH & INSIGHTS * Sector / Industry Research * Economic Research * Credit Conditions * Credit Market Research * Sustainability Insights KEY THEMES * Credit Research & Insights * What We're Watching * Emerging Markets * Private Markets * Climate Finance In Lower-Income Countries MULTIMEDIA * Videos * Podcasts * Sectors * Corporates * ESG: Sustainable Finance * Financial Institutions * Fund Ratings * Governments * Infrastructure & Utilities * Insurance * Structured Finance * U.S. Public Finance * Regulatory * Disclosures * Form NRSRO * Policies & Code of Conduct * Significant Criteria & Model Errors * Credit Rating History * SEC Rule 17g-7 Reports * Ratings Definitions * Ratings Criteria and Models * Products & Benefits PRODUCTS & SERVICES * Credit Ratings * Rating Evaluation Service (RES) * Second Party Opinions * Climate Transition Assessment * Credit Estimates * Ratings360® SEE ALL PRODUCTS & SERVICES I AM AN * Investor * Intermediary * Issuer * Events * All Events * Hosted Events * Webinars * Webinar Replays enJs Search by Entity & Insights FIND Need a Rating? * Entity & Insights * CUSIP * CINS * ISIN Browse by Practice -------------------------------------------------------------------------------- * * Need a Rating? * Understanding Credit Ratings * Intro to Credit Ratings * ESG in Credit Ratings * Ratings Actions * Presale Reports * Ratings Criteria and Models * Request for Comment * Press Releases * Annual Reviews * RESEARCH & INSIGHTS * Sector / Industry Research * Economic Research * Credit Conditions * Credit Market Research * Sustainability Insights KEY THEMES * Credit Research & Insights * What We're Watching * Emerging Markets * Private Markets * Climate Finance In Lower-Income Countries MULTIMEDIA * Videos * Podcasts * * Corporates * ESG: Sustainable Finance * Financial Institutions * Fund Ratings * Governments * Infrastructure & Utilities * Insurance * Structured Finance * U.S. Public Finance * * Disclosures * Form NRSRO * Policies & Code of Conduct * Significant Criteria & Model Errors * Credit Rating History * SEC Rule 17g-7 Reports * Ratings Definitions * Ratings Criteria and Models * PRODUCTS & SERVICES * Credit Ratings * Rating Evaluation Service (RES) * Second Party Opinions * Climate Transition Assessment * Credit Estimates * Ratings360® SEE ALL PRODUCTS & SERVICES I AM AN * Investor * Intermediary * Issuer TOOLS * Corporate Credit Scenario Builder * Project Finance Credit Scenario Builder * U.S. Local Governments Credit Scenario Builder * Sovereign Risk Indicators * * All Events * Hosted Events * Webinars * Webinar Replays * * CREDIT MARKET RESEARCH Our credit market research encompasses ratings performance indicators (including upgrades and downgrades, defaults, outlook changes, weakest links, rising stars, and fallen angels) alongside default and issuance forecasts and financing conditions coverage. 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Find Need a Rating? * Entity & Insights * CUSIP * CINS * ISIN Browse Ratings by Practice -------------------------------------------------------------------------------- * latest * topics LATEST LATEST FROM S&P GLOBAL RATINGS * FILTER BY * ALL * Articles * Blogs * Commentaries * Events * Podcasts * Products * Research * Videos * SECTORS * ALL * Capital Markets * Commodities * Coronavirus * Corporates * Credit Analysis * Credit Markets Research * Cyber Risk * Default Transition & Recovery * ESG * ESG in Credit Ratings * Economic Research * Financial Institutions * Fixed Income * Fund Ratings * Governments * Infrastructure & Utilities * Insurance * Macroeconomics * Structured Finance * U.S. Public Finance -------------------------------------------------------------------------------- Filters SECTOR * ALL * Capital Markets * Commodities * Coronavirus * Corporates * Credit Analysis * Credit Markets Research * Cyber Risk * Default Transition & Recovery * ESG * ESG in Credit Ratings * Economic Research * Financial Institutions * Fixed Income * Fund Ratings * Governments * Infrastructure & Utilities * Insurance * Macroeconomics * Structured Finance * U.S. Public Finance FILTER BY * ALL * Articles * Blogs * Commentaries * Events * Podcasts * Products * Research * Videos * REGISTER NOW FOR ACCESS TO RESEARCH, EVENTS AND MORE. -------------------------------------------------------------------------------- * * Sep 17, 2024 * EMEA EUROPEAN BANKS: PREPAREDNESS IS KEY TO UNLOCKING CENTRAL BANK FUNDING -------------------------------------------------------------------------------- * * Sep 16, 2024 * Europe WEEKLY EUROPEAN CLO UPDATE -------------------------------------------------------------------------------- * * Sep 16, 2024 * APAC, Asia SECOND PARTY OPINION: HOUSING & DEVELOPMENT BOARD GREEN BONDS -------------------------------------------------------------------------------- * * Sep 16, 2024 * Americas, Latin America, APAC, EMEA THIS WEEK IN CREDIT: DOWNGRADES TICK UP (SEPT. 16, 2024) -------------------------------------------------------------------------------- * * Sep 13, 2024 * Americas, Latin America, APAC, EMEA DEFAULT, TRANSITION, AND RECOVERY: MONTHLY DEFAULTED DEBT MORE THAN DOUBLED TO $14.9 BILLION IN AUGUST -------------------------------------------------------------------------------- * * Sep 13, 2024 * APAC SECOND PARTY OPINION: JINAN HIGH-TECH HOLDING GROUP CO. LTD. SOCIAL FINANCE FRAMEWORK -------------------------------------------------------------------------------- * * Sep 13, 2024 * EMEA EMEA STRUCTURED FINANCE CHART BOOK: SEPTEMBER 2024 -------------------------------------------------------------------------------- * * Sep 13, 2024 * Americas U.S. STRUCTURED FINANCE CHART BOOK: SEPTEMBER 2024 -------------------------------------------------------------------------------- * * Sep 13, 2024 * Americas, Latin America, APAC, EMEA ECONOMIC RESEARCH: US FED, ELECTIONS AND CHINA PROPERTY WOES DOMINATE ASIA TRIP DISCUSSIONS -------------------------------------------------------------------------------- * * Sep 12, 2024 NON-QM SPOTLIGHT ON SHORT-TERM RENTALS -------------------------------------------------------------------------------- * * Sep 12, 2024 CREDITWEEK: WHAT IS POWERING CHINA'S OVERINVESTMENT PROBLEM? -------------------------------------------------------------------------------- * * Sep 12, 2024 CREDIT TRENDS: U.S. CORPORATE BOND YIELDS AS OF SEPT. 11, 2024 -------------------------------------------------------------------------------- * * Sep 12, 2024 * EMEA, United Kingdom U.K.'S NEAR-FINAL BANK CAPITAL RULES WILL HAVE A MODEST IMPACT ON RATED BANKS -------------------------------------------------------------------------------- * * Sep 12, 2024 * APAC YOUR THREE MINUTES IN CAMBODIAN BANKING: COVENANT BREACHES POINT TO A SURVIVAL OF THE FITTEST -------------------------------------------------------------------------------- * * Sep 12, 2024 * APAC SECOND PARTY OPINION: JINAN LIXIA HOLDING GROUP CO. LTD. SUSTAINABLE FINANCE FRAMEWORK -------------------------------------------------------------------------------- Load More European Banks: Preparedness Is Key To Unlocking Central Bank Funding Weekly European CLO Update Second Party Opinion: Housing & Development Board Green Bonds This Week In Credit: Downgrades Tick Up (Sept. 16, 2024) Default, Transition, and Recovery: Monthly Defaulted Debt More Than Doubled To $14.9 Billion In August Second Party Opinion: Jinan High-tech Holding Group Co. Ltd. Social Finance Framework EMEA Structured Finance Chart Book: September 2024 U.S. Structured Finance Chart Book: September 2024 Economic Research: US Fed, Elections and China Property Woes Dominate Asia Trip Discussions Non-QM Spotlight On Short-Term Rentals CreditWeek: What Is Powering China's Overinvestment Problem? Credit Trends: U.S. Corporate Bond Yields As Of Sept. 11, 2024 U.K.'s Near-Final Bank Capital Rules Will Have A Modest Impact On Rated Banks Your Three Minutes In Cambodian Banking: Covenant Breaches Point To A Survival Of The Fittest Second Party Opinion: Jinan Lixia Holding Group Co. Ltd. Sustainable Finance Framework New Issue: Braccan Mortgage Funding 2024-1 PLC Second Party Opinion: Fannie Mae Single Family Green Bond Framework Real Estate Monitor: Rate Cuts Could Spur Sector Recovery Default, Transition, and Recovery: 2023 Annual Infrastructure Default And Rating Transition Study U.S. Transportation Infrastructure Transit Update: Sector View Now Stable As Dedicated Tax Growth Mitigates Lower Ridership Revenue Instant Insights: Key Takeaways From Our Research Table Of Contents: S&P Global Ratings Credit Rating Models The Ratings View: Sep. 11, 2024 Corporate Results Roundup Q2 2024: Slow recovery continues, driven more by margin improvement than revenue growth Servicer Evaluation: Newrez LLC S&P Global Ratings Revises Its Natural Gas Price Assumptions; Oil Price Assumptions Unchanged Issuer Ranking: North American Electric, Gas, And Water Regulated Utilities, Strongest To Weakest Bulletin: Finnish Banks Show Resilience As Economic Risks Recede; BICRA Group '2' Maintained Sustainability Insights: Power Sector Update: European Offshore Wind Is Racing Ahead Sustainability Insights: Insurers Focus On Underwriting To Tackle Climate Risk RMBS Arrears SPIN Statistics: Australia (Including Noncapital Market Issuance) July 2024 RMBS Arrears SPIN Statistics: Australia (Excluding Noncapital Market Issuance) July 2024 RMBS Arrears Statistics: Australia (Excluding Noncapital Market Issuance) July 2024 RMBS Arrears Statistics: Australia (Including Noncapital Market Issuance) July 2024 Credit FAQ: A Closer Look At The New Methodology For Rating U.S. Governments Ratings On 436 Issuers Placed Under Criteria Observation Following Publication Of New U.S. Government Methodology ABS Frontiers: Digging Our Way To Fiber Securitizations Growth Of Saudi Arabia's Non-Oil Sector Will Continue, Despite Setbacks Institutional Framework Assessments For U.S. Local Government Portfolios Highlights From S&P Global Ratings' European Structured Finance Conference 2024 RFC Process Summary: RFC Process Summary: Methodology For Rating U.S. Governments Peer Comparison: IHG And Accor Are Akin Yet Distinct Second Party Opinion: Raylo Group Ltd. Green Financing Framework This Week In Credit: Positive Rating Actions On The Up (Sept. 9, 2024) Criteria | Governments | U.S. Public Finance: Methodology For Rating U.S. Governments Real Estate Digest (Sept. 9, 2024) U.S. Public Finance Rating Activity, August 2024 Second Party Opinion: Brisa Concessao Rodoviaria S.A. Sustainability-Linked Financing Framework CreditWeek: Will A Decline In Corporate Defaults Come As Quickly As Their Recent Rise? Credit Trends: U.S. Corporate Bond Yields As Of Sept. 4, 2024 U.S. Auto Loan ABS Tracker: July 2024 Performance U.S And Canadian Airport Ratings And Outlooks: Current List Table Of Contents: S&P Global Ratings Corporate And Infrastructure Finance Criteria Economic Research: Europe Must Avoid The Middle Technology Trap To Continue Reaping Free Trade's Rewards Your Three Minutes In China's LGFV Debt Resolution: Buying Time Is Buying Bad Habits New Issue: Hera Financing 2024-1 DAC Second Party Opinion: Bank Of America Corp.'s Sustainable Issuance Framework Second Party Opinion: Bank Of America Corp. Sustainable Issuance Framework Credit FAQ: How We Rate Common Private Credit Investment Vehicles Private Markets Monthly, August 2024: The Interplay Between Private Equity And Public Markets Credit Trends: U.S. Public Finance Credit Quality Continues To Improve Long-Term U.S. Tech Ratings Will Be Tested By Geopolitical And Trade Uncertainties Ep50: Mohamed El-Erian on how AI is changing investing Your Three Minutes In Banking: GCC Banks Are Well Positioned To Continue Their Strong Run Credit FAQ: Japanese Corporations And Market Mayhem Diverging Consumers And Slowing Demand Test Corporate Australia Indian Cement Makers To Spend US$14.3 Billion To Meet Surging Demand Second Party Opinion: Wästbygg Group Green Finance Framework The Ratings View: Sep. 4, 2024 European Banks Continue To Reap The Benefits Of Benign Credit Conditions ABS Frontiers: The Credit DNA Of Synthetic Risk Transfer Securitizations Bottleneck In Exits Will Increase Some Alternative Investment Funds' Leverage European CLOs: Awash With Cash Global Reinsurers Must Maintain Discipline To Cement Strong Performance Amid Casualty Risks Auto ABS Arrears SPIN Statistics: Australia July 2024 Auto ABS Arrears Statistics: Australia July 2024 Climate Transition Assessment Description For B3 Ações Verdes Second Party Opinion: Norwegian Property Green Bond Framework Second Party Opinion: Aragon's Sociedad Concesionaria Itinerario Jacetania Alto Gallego (Route 5) Social Loan Second Party Opinion: Aragon Sociedad Concesionaria Itinerario Sobrarbe Ribagorza (Route 6) Social Loan S&P Global Ratings' Top 40 Global Reinsurers In 2024 And Reinsurers By Country The Shifting Of China Tech Supply Chains: The Hard Part Starts New Zealand Corporate Landscape: Navigating A Sluggish Economic Recovery Second Party Opinion: PowerChina Resources Ltd. Green Financing Framework U.S. Not-For-Profit Acute Health Care 2023 Medians: Remarkably Level With Prior Year, But Performance Remains Notably Below Historical Norms Credit FAQ: Why Proposed Regulatory Changes For Chile's Power Industry Could Hurt Creditworthiness Of Some Projects Criteria | Financial Institutions | Other: Methodology For Rating Subscription Lines Secured By Capital Commitments Reinsurers Show Growing Appetite For Natural Catastrophe Risks Second Party Opinion: Catella AB's Green Finance Framework Second Party Opinion: Nordic Investment Bank Environmental Bond Framework Second Party Opinion: Energo-Pro Green Financing Framework This Month In Credit: 2024 Data Companion Credit Trends: U.S. Corporate Bond Yields As Of Aug. 28, 2024 Banking Industry Country Risk Assessment Update: August 2024 SF Credit Brief: U.S. CMBS Delinquency Rate Rose 5 Bps To 4.9% In August 2024; Office Loans Maintain The Highest Rate Sustainability Insights: Power Sector Update: China Will Keep Its Lead In Global Offshore Wind Additions Presale: Driver UK Multi-Compartment S.A., Compartment Driver UK nine Presale: Together Asset Backed Securitisation 2024-1ST2 PLC Second Party Opinion: Romerike Sparebank's Green Bond Framework Second Party Opinion: Banco Finandina S.A. 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