MARC publishes exposure draft on new rating methodology: Equity Treatment and Notching for Corporate Subordinated Debt and Hybrid Securities
Posted Date : 25 Feb 2014 MARC has published for comment an exposure draft which outlines the rating agency’s approach to equity treatment and notching for corporate subordinated debt and hybrid securities. The exposure draft aims to identify concepts and principles that are applicable to assigning ratings to all types of subordinated and hybrid securities …