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Handbook on International Best Practices in Credit Rating
The Asian Development Bank (ADB) has worked consistently for stability in Asian financial markets and believes bond market development will play a crucial role in achieving it.
To promote development of the regional bond market, the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3)—under the Asian Bond Market Initiative—and ADB have provided assistance to build capacity at domestic credit rating agencies (DCRAs) and to enhance the comparability of their ratings. To that end, ADB has provided training to DCRAs on rating best practices and has prepared this Handbook on International Best Practices in Credit Rating.
To promote development of the regional bond market, the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3)—under the Asian Bond Market Initiative—and ADB have provided assistance to build capacity at domestic credit rating agencies (DCRAs) and to enhance the comparability of their ratings. To that end, ADB has provided training to DCRAs on rating best practices and has prepared this Handbook on International Best Practices in Credit Rating.