Revamp annual Credit Review Process for the Public
Finance Portfolio of a Multilateral Development Bank
Client: Multilateral Development Bank
Objective
Create an efficient and effective annual credit review process for the public finance portfolio of a multilateral development bank that lacked credit expertise, language skills and staff capacity.
CRISIL's Solution
- Established a dedicated team with strong expertise in credit risk across public finance sectors, including municipal and government-owned and related entities
- Took complete ownership of credit memos, models, and preliminary credit risk scores
- Designed and standardized report content as per client requirements
- Provided flexible staffing and skills to meet time-sensitive needs and manage peak load requirements
- Leveraged CRISIL’s global presence to deploy multilingual capabilities needed to process filings in 15+ European and other regional languages (90% of filings in non-English languages)
Client Impact
- “Decision-ready” outputs unlocked bandwidth of the bank’s credit officers
- In-depth analysis of credits, including the institutional framework and regulatory changes enhanced credit review quality
- Met all deadlines for regulatory compliance and reviews
- New standardized templates for credit reviews and models enabled a positive regulatory outcome
- Value add through active surveillance notes, peer comp sheets and industry analysis primer