Background/ objective

• A Multilateral Development Bank (MDB) wanted to streamline its credit risk management process across domains, i.e. financial institutions, corporates and public finance entities, through standardization of the credit memo/ scoresheets and spreads templates as per sector requirements. The aim was to efficiently manage its peak-season workload as well as ad hoc and time-sensitive reviews.

CRISIL Solution

• Established a dedicated team with strong domain expertise and deep understanding of rating methodologies and accounting standards along with flexibility to scale up staffing to meet time-sensitive and peak-load requirements
• Set up a project management structure with well-defined roles and responsibilities to facilitate smooth communication flow aided by a strong multilevel governance system and quality review framework
• Leveraged global presence to deploy multilingual capabilities for processing filings in non-English languages
• Compiled detailed standard operating procedures to ensure compliance with credit policies and client processes

Execution highlights

Client impact

• Streamlined credit processes and delivered a positive regulatory outcome
• Freed bandwidth of the MBD’s credit officers, enabling them to focus on the bank’s strategic agenda
• Multilingual capabilities resulted in smooth reviews for borrowing counterparties with non-English filings
• Cost savings of ~25-30% owing to CRISIL support

Portfolio coverage

Geography-wise 

Sector-wise

Non-English filings (few highlighted below)

To learn more, contact us at: Contact.CLS@crisil.com