Perraudin, William R. M.; Powell, Andrew; Yang, Peng - 2016
examines how rating agencies assess MDB ratings, focusing in particular on how Standard & Poor's assesses capital as part of … its MDB rating process. The results are compared with those implied by an industry-standard, ratings-based Credit Risk … Model (CRM). Applying these methodologies to one specific MDB, the Inter-American Development Bank (IDB), the paper shows …