CRA Methodology Mapping & Diagnostic
A practical guide to how rating methodologies are applied in EMDE and blended finance transactions
A practical guide to how CRA methodologies are applied in EMDE transactions – including sovereign risk, diversification, liquidity, guarantees and other credit enhancement features – and what stakeholders should keep in mind when engaging in the ratings process.
This guidance from the EMDE Investor Taskforce provides a practical overview of how major credit rating agencies assess EMDE-linked transactions using existing methodologies across funds, structured finance, project finance, CLO/CDO-type structures, MDB/DFI-related entities and guarantee-supported transactions. It highlights key analytical drivers, common constraints, and how risk-mitigating and credit-enhancing features may be considered in practice. The guidance is intended as a transparency resource to support more informed engagement across the market.