• MERIS assigns credit ratings on the National Rating Scale.
• A National Scale Rating (NSR) is an opinion of the relative creditworthiness of entities and issues in a particular country.
• NSRs are not designed to be compared between countries, rather they address relative risk within a given country.
NSR Criteria:
• NSRs take into account the intrinsic financial strength of the obligor.
• External support factors to the issue may be taken into consideration.
• Balance between qualitative and quantitative analysis.
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