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Analyst Rotation
Voting & Chair Rights
General
Look Backs
Rating Engagements
100
These 2 types of ratings are NOT subject to the analyst rotation policy.
What are a private and confidential ratings.
100
This is the minimum number of committee hours an Employee must experience before earning Voting rights.
What is zero (there is no minimum). An analyst must have a minimum of the following to get earn voting rights: 2 years of related credit, analytical or related financial services industry experience, have taken the Analyst Role in a Committee training AND the Voting Analyst Training, and successfully completed their Advanced Test.
100
Communication between Sales Managers and Analysts qualify as this type of communication.
What is "sensitive communication".
100
A look-back review is triggered by these two events.
What are 1) the departure of an analyst or 2) a former analyst is now employed at a Rated Entity or Look-Back-Related Third Party
100
This must be signed before the Sales Manager can inform the LAM or AM of the deliverables agreed upon with the Issuer.
What is an engagement letter.
200
The name for the time period after a primary analyst has reached the maximum permitted assignment period for a rating.
What is the "cooling off period".
200
The minimum number of Rating Committees an Analyst must successfully conduct, under supervision of an experienced Chair, to earn Chair Rights
What is 3.
200
The date of the last update to this SOP.
What is Nov. 1, 2016.
200
RRR and Compliance should each aim to complete their reviews of Sensitive Ratings within this time frame
What is 15 days from analyst departure.
200
A relationship manager can discuss timing of a rating with an analyst, under this condition.
What is with Compliance as a chaperone on the communication (present or copied on email)
300
This is the report that enables AMs and Compliance to monitor the time period that analysts have been in a role subject to rotation.
What is the Analyst Assignment Report.
300
CRISIL Employees are not eligible to be this.
What is a primary or voting analyst.
300
Compliance should be notified with these 4 pieces of information for new ratings.
What are: 1. entity name 2. contact details 3. the actual rating request 4. type of rating requested
300
These three analyst roles are subject to Look Back reviews.
Who are the primary analyst, backup analyst & chair.
300
17g5 documents are uploaded to a website for this reason.
What is to allow any credit rating agency to provide an unsolicited rating.
400
The maximum (consecutive) time period an analyst in Practice Areas other than Structured Finance can serve as a Primary Analyst for a Rated Entity.
What is 5 years.
400
The minimum passing score on the Training Test (not the advanced exam), an analyst must achieve to obtain Voting or Chair rights.
What is 80%.
400
This team is specially trained and authorized to proess the application of new Issue ratings, within specific conditions, on behalf of the Analyst.
What is the New Issue Desk.
400
Look back reviews must be completed in this time period.
What is 45 days.
400
This rule requires Ratings Services to post certain transaction information to a password protected website prior to beginning analytical work on a transaction.
What is SEC Rule 17g-5
500
This is how long an analyst must wait, after having been rotated off, before the analyst can serve as Primary Analyst again for a particular rated entity.
What is 1 year.
500
The time period after which an analyst can reregister to obtain chair rights, if they do not pass the Training Test three times.
What is 6 months.
500
It is the responsibility this person to ensure analysts remain in compliance with Ratings Services' standards for training, experience, and competence.
Who is the AM.
500
This type of rating is defined as one rated by an Analyst who leaves Ratings Services and becomes employed by a Rated Entity or a Look-Back Related Third Party.
What is a "Sensitive Rating."
500
When Ratings to Principles is used for the FIRST TIME on a new issue (not a review), the transaction is considered to be this.
What is new or materially different, exotic or bespoke.