Wednesday 26, January 2011 by
S&P seeks comment on changes to criteria for rating Islamic banks
On 6 January, S&P published a request for comment on proposed changes to its criteria for rating banks and institutional brokers. The proposed criteria aims to provide additional insight into the way it rates banks, including Islamic banks, as well as enhance ratings comparability across sectors and geography. ITs objective is to create an integrated, globally consistent framework that builds on what it knows and has learned about the industry since the credit crunch began in 2007.
