CCXI is the first nation wide credit rating agency in China, with the largest business operations and the best quality of service.
With OIC countries featuring along the B&R, IIRA’s footprint would enable investment opportunities for investors
VIS provides independent rating services, approved by Securities & Exchange Commission and State Bank of Pakistan.
RAEX-Europe is an independent CRA based in Frankfurt am Main, officially registered by ESMA with an ECAI mapping.
A pioneering concept of joint grading is being introduced by CCXI, IIRA and VIS.Given increasing investor activity across borders, these gradings are envisioned to benefit countries along the Belt & Road.
The methodology would provide a rank system,appraising the investment strength and prospects of a particular player within an industry group.
This initiative would provide value addition for investors/stake holders to enable long-term cross-border equity investment,ease the path for cross listing, and deepen the capital markets. It is also expected to facilitate Economic Corridors related activities which may further strengthen trade relations through better accessibility.
| Scale | Score Range | Definition |
|---|---|---|
| IS 1 | (91-100) | Very Strong Investment Strength |
| IS 2 | (76-90) | Strong Investment Strength |
| IS 3 | (61-75) | Good Investment Strength |
| IS 4 | (40-60) | Medium Investment Strength |
| IS 5 | (Less than 40) | Low Investment Strength |
| Scale | Score Range | Definition |
|---|---|---|
| SR 1 | (91-100) | Very Strong Social Responsibility |
| SR 2 | (76-90) | Strong Social Responsibility |
| SR 3 | (61-75) | Good Social Responsibility |
| SR 4 | (40-60) | Adequate Social Responsibility |
| SR 5 | (Less than 40) | Weak Social Responsibility |
| Scale | ScoreRange | Definition |
|---|---|---|
| CG 1 | (91-100) | Very Strong Corporate Governance |
| CG 2 | (76-90) | Strong Corporate Governance |
| CG 3 | (61-75) | Satisfactory Corporate Governance |
| CG 4 | (40-60) | Adequate Corporate Governance |
| CG 5 | (Less than 40) | Weak Corporate Governance |
| Scale | ScoreRange | Definition |
|---|---|---|
| EA 1 | (91-100) | Very High Environmental Accountability |
| EA 2 | (76-90) | High Environmental Accountability |
| EA 3 | (61-75) | Good Environmental Accountability |
| EA 4 | (40-60) | Medium Environmental Accountability |
| EA 5 | (Less than 40) | Low Environmental Accountability |
Based on the above parameters, the overall ISG-ES would be derived using a weighted average score.
| Component of ISG-ES | Weights |
|---|---|
| Investment Strength | 60% (Business Risk 35%/Financial Performance 25%) |
| Governance | 20% |
| Social Responsibility | 10% |
| Environment Accountability | 10% |
| Scale | ScoreRange | Definition |
|---|---|---|
| ISG-ES 1 | (91-100) | Very Strong Investment Strength Prospects |
| ISG-ES 2 | (76-90) | Strong Investment Strength Prospects |
| ISG-ES 3 | (61-75) | Good Investment Strength Prospects |
| ISG-ES 4 | (40-60) | Medium Investment Strength |
| ISG-ES 5 | (Less than 40) | Low Investment Strength Prospects |
A single (+) sign or a double (++) could be added to express relatively higher investment strength prospect within the category.
The scope of ISG-ES grading would be extended to entities that operate on Islamic-faith based principles, as a second-tier assessment to cover degree of entity’s broad-based Shari’a governance (“SG”) and compliance.
| Scale | ScoreRange | Definition |
|---|---|---|
| SG 1 | (91-100) | Extremely strong adherence to Shari’a principles |
| SG 2 | (76-90) | Strong adherence to Shari’a principles |
| SG 3 | (61-75) | Substantial adherence to Shari’a principles |
| SG 4 | (40-60) | Adequate or reasonable adherence to Shari’a principles |
| SG 5 | (Less than 40) | Inadequate or low adherence to Shari’a principles |
| Name | Developed By | Link |
|---|---|---|
| Credit Risk Report on Countries along the Belt and Road (2020) | CCXI/VIS | View |
| Country Risk Report - 2020 | CCXI/VIS | View |
| Country Risk Report - 2018 | CCXI/VIS | View |
| Country Risk Report - 2017 | CCXI/VIS | View |
| Long Steel Products Industry Report | VIS | View |
| Flat Steel Products Industry Report | VIS | View |
| Steel Pipes Industry Report | VIS | View |
| Steel Industry Report | CCXI | View |
| P&C Insurance Industry Report | CCXI | View |
| Life Insurance Industry Report | CCXI | View |
| Concept Presentation | VIS/IIRA | View |
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