For each of the Credit Rating Methodologies, VIS Rating will assign credit rating analysts to perform the development work, which will include the design of the analytical framework and tools, gathering required data, and assessing the robustness of the methodology. Using the data gathered for selected companies operating in the industry sector covered by the methodology, the credit rating analysts will perform multiple rounds of testing and analysis of the credit rating outcomes produced by the methodology and conduct internal discussions to calibrate and adjust the analytical framework and tools to arrive at the desired credit rating outcomes and rating rationales.
VIS Rating will also form a VIS Rating Methodology Review Committee (“MRC”) to assess the relevance of and recommend the approval of new Methodologies and changes to existing Methodologies to the VIS Rating Approving Body.
A MRC will comprise the Head of Ratings & Research, a Designated Credit Policy Officer, and at least 1 Senior Analyst from the relevant rating groups.
The term ‘Credit Rating Methodology’ as used in this Section, means all components that may constitute the Credit Rating Methodologies, including the related Credit Rating models, Credit Rating scorecards, and key rating assumptions.
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