Sovereign
Lianhe Ratings Global Limited (“Lianhe Global”) applies the real-world asset (“RWA”) tokenization risk assessment criteria to evaluate how tokenization affects the security and reliability of tokenized RWAs and incorporate the assessment into the ratings of RWAs.
RWA Tokenization Risk
Lianhe Ratings Global Limited (“Lianhe Global”) applies the real-world asset (“RWA”) tokenization risk assessment criteria to evaluate how tokenization affects the security and reliability of tokenized RWAs and incorporate the assessment into the ratings of RWAs.
Insurance Rating Criteria
Lianhe Ratings Global Limited (“Lianhe Global”) applies the insurance rating criteria to insurers globally, including those in the life, health, property and casualty, trade credit, and reinsurance sectors.
China Local Investment and Development Companies Criteria
Lianhe Ratings Global Limited’s (“Lianhe Global”) China Local Investment and Development Companies (”LIDCs”) criteria was originally published on 16 July 2018. The current proposed criteria primarily reflect some modifications of indicators used in conducting the
credit assessment on LIDCs. The main rating factors remained unchanged. The publication of the criteria is not expected to result in any changes to our existing ratings.
Bond Fund Credit Quality
Lianhe Ratings Global Limited (“Lianhe Global”) applies the bond fund credit quality rating criteria to bond funds and similar investment vehicles that invest in short- and long-term debt and debt-like instruments, such as commercial papers, certificates of deposits, and bonds.
China Local Investment and Development Companies Criteria
Lianhe Ratings Global Limited’s (“Lianhe Global”) China Local Investment and Development Companies (”LIDC”) criteria was originally published on 16 July 2018. The current proposed criteria primarily reflect the evolving roles and operation conditions of LIDCs, which should be incorporated in the factors and subfactors that we consider when assigning ratings to LIDCs. No changes to our existing ratings are expected to result from the publishing of the criteria.
Investment Holdings and Conglomerates
Lianhe Ratings Global Limited (“Lianhe Global”) applies the investment holdings and conglomerates criteria to investment holding companies which primarily act as financial investors holding equity stakes in a number of private or publicly traded companies. The
criteria also describe Lianhe Global’s general approach for assessing credit profiles of conglomerates which usually hold controlling stakes (typically wholly or majority-owned) in several main operating subsidiaries across various businesses.