An African Bank Taps Expert Support to Assess the Financial Strength of Its Counterparties

Credit analysts at S&P Global Market Intelligence (“Market Intelligence”) were engaged to conduct the analysis of counterparties and ensure delivery of reviews in a timely manner. The analysts:

• Accessed reliable financial data for both public and private financial entities in a structured format through S&P Capital IQ Pro (a one-stop desktop solution for essential intelligence).
• Used Market Intelligence’s proprietary Scorecards that follow S&P Global Ratings methodology to assess credit quality, scoring counterparties using both qualitative and quantitative factors.
• Incorporated country and industry specific risks through Market Intelligence’s Banking Industry Country Risk Assessment (BICRA) scores.  
• Identified an appropriate template suitable for analyzing banking counterparties’ financial statements. They also adjusted, classified, and validated, financial data using pre-determined rule books.
• Validated a system-generated set of peers and corresponding data for benchmarking counterparties to their peer group.