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Investor
Fact Book 2009/2010
  • The McGraw-Hill Companies Reports 43.2%
    Increase in Fourth Quarter EPS (Jan 26) More
  • McGraw-Hill Increases Dividend; Will Resume
    Share Repurchase Program (Jan 20) More

Ratings Diversification

Standard & Poor’s continues to diversify its business beyond new bond ratings. Product expansion has reduced S&P’s reliance on bond issuance or interest-rate sensitive businesses by expanding offerings in such areas as bank loan and recovery ratings, counterparty ratings, and financial strength ratings. S&P also offers evaluations, including Rating Evaluation Services, which assess how actions may impact creditworthiness, and Servicer Evaluations, which examine a company’s anticipated ability to service loan and asset portfolios.

Ratings
Financial Strength, Counterparty, and Corporate Credit Ratings: An opinion of an entity’s overall creditworthiness and capacity to pay its financial obligations. These ratings do not apply to specific financial obligations.

Bank Loan Ratings: An evaluation of a syndicated loan based on the likelihood of ultimate repayment of the loan and on the recovery value in the event of default.

Recovery Ratings: A stand-alone, transparent opinion of the likely recovery of a loan in the event of default; expressed on a numerical scale, not linked to or limited by the issuer’s traditional corporate credit rating. S&P’s recovery ratings cover secured and unsecured debt.

Financial Strength Ratings
Counterparty Ratings
Corporate Credit Ratings
Global Bank Loan Ratings
Recovery Ratings

Evaluation
 Rating Evaluation Service:
A confidential, specific, and indicative assessment of how potential acquisitions, debt issues, stock repurchases, recapitalizations, consolidations, and other actions may impact a company’s creditworthiness and credit rating.

Servicer Evaluations:
An independent, objective view of a company’s anticipated ability to service loan and asset portfolios. The Servicer Evaluation rankings serve as consistent, objective benchmarks for assessing operational risk that provide valuable transparency and enable global market participants to make informed decisions.

Rating Evaluation Service
Servicer Evaluations

Sovereign Ratings
Standard & Poor’s is a global leader in providing ratings and credit-related services for sovereign, sovereign-supported entities, and supranational issuers. Public sector coverage extends to local and regional governments, as well as to the healthcare, higher education, and housing sectors around the world. S&P’s network of offices around the globe enables its regionally-based analysts to gain valuable local insights into the governments and issuers they rate.

Soverign Ratings