บทวิเคราะห์ (Research)

In assigning a rating to RERCs, TRIS Rating applies the same rating framework as that used for general corporates. The rating framework starts with the determination of the anchor rating, followed by adjustments with other credit considerations (OCCs) to derive the standalone credit profile (SACP) of the rated entity. Lastly, if the rated entity is a part of a business group, its SACP may be enhanced or constrained by the group credit profile (GCP) in line with TRIS Rating’s “Group Rating Methodology” to determine the issuer credit rating (ICR). However, for REITs, their ratings are generally independent from their shareholders/sponsors due to their trust-based structure.