MOODY'S IN ASIA

Rating Definitions

Indicative Ratings

Indicative ratings are one-time opinions of the credit quality of individual securities or financial contracts that may be issued in the future, based on draft documentation and discussions early in the rating process. These ratings consider the general credit quality of the issuer as well as the specific attributes of the instrument. Indicators are communicated to the requesting party as a narrow range of ratings with the degree of specificity defined by the requesting party.