SAARC FINANCE, REGIONAL SEMINAR, ISLAMABAD
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   PD Models Architecture
Financial
Factors
Non-Financial
Factors
Warning
Signals (WS)
Financial Score
Non-Financial Score
Warning Signal
Grade Change
Standalone Rating
before WS after size cap
Supported
Rating
Final Rating
Override
Parental/Government
 Support
Sovereign Ceiling
Standalone Rating
After WS
(Economic/Political)
Environmental
Factors
Environmental
Score
Corporates only
Size cap