ABOUT Credit Spectrum Corp.
Credit Spectrum Corp. (CSC) seeks to ensure that the global bond markets are transparent and efficient through the distribution of unbiased credit ratings. CSC’s application to become a Nationally Recognized Statistical Rating Organization is currently pending before the United States Securities and Exchange Commission.
Rating Methodology
2019 Credit Spectrum Corp. All Rights Reserved.
CREDIT RATINGS ISSUED BY CREDIT SPECTRUM ARE CREDIT SPECTRUM’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, DEBT OR DEBT-LIKE SECURITIES; AND CREDIT RATINGS AND RESEARCH PUBLICATIONS PUBLISHED BY CREDIT SPECTRUM MAY INCLUDE CREDIT SPECTRUM’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. CREDIT SPECTRUM DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL, FINANCIAL OBLIGATIONS AS THEY COME DUE AND THE ESTIMATED FINANCIAL IMPAIRMENT IN THE EVENT OF DEFAULT. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, PRICE RISK OR PRICE VOLATILITY. CREDIT RATINGS AND CREDIT OPINIONS INCLUDED IN CREDIT SPECTRUM’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. CREDIT RATINGS BY CREDIT SPECTRUM DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE; AND NEITHER ITS CREDIT RATINGS NOR ITS PUBLICATIONS ARE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NO MATERIALS PROVIDED BY CREDIT SPECTRUM SHOULD BE CONSTRUED AS RECOMMENDATIONS ON THE SUITABILY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. CREDIT SPECTRUM PROVIDES ITS CREDIT RATINGS AND RESEARCH ON THE CONDITION THAT EACH INVESTOR WILL PERFORM ITS OWN DUE DILIGENCE REGARDING EACH SECURITY THAT IT PURCHASES, HOLDS, SELLS OR DETERMINES NOT TO PURCHASE. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT CREDIT SPECTRUM’S PRIOR WRITTEN CONSENT.
All information contained herein is obtained by CREDIT SPECTRUM from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided without warranty of any kind. CREDIT SPECTRUM is not an auditor and does not independently verify the information utilized in developing its ratings. Any entity or person that utilizes this information does so on the express condition that it has waived any claims against CREDIT SPECTRUM for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of CREDIT SPECTRUM or any of its directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including without limitation, lost profits), even if CREDIT SPECTRUM is advised in advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The ratings, financial reporting analysis, projections, and other observations, if any, constituting part of the information contained herein are, and must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Each user of the information contained herein must make its own study and evaluation of each security it may consider purchasing, holding or selling. Any credit rating provided by CREDIT SPECTRUM is solely an opinion as to the creditworthiness or a debt obligation of the issuer. No investor should make any investment decision based on this credit rating. If in doubt you should contact your financial or other professional adviser.
NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY CREDIT SPECTRUM IN ANY FORM OR MANNER WHATSOEVER.
For Australia only: This document is intended to be provided only to wholesale clients within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to CREDIT SPECTRUM that you are, or are accessing the document as a representative of, a wholesale that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to retail clients within the meaning of section 761G of the Corporations Act 2001. CREDIT SPECTRUM credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail clients. It would be dangerous for retail clients to make any investment decision based on CREDIT SPECTRUM’s credit rating. If in doubt you should contact your financial or other professional adviser.