TRIS Rating Co., Ltd. co-hosted an ACRAA training workshop entitled “Infrastructure/ Project Financing Rating” during 19-20 May 2011 at Dusit Thani Hotel in Bangkok. The training was successful. This session was one of many training workshops ACRAA has conducted in order to enhance the credit rating skills of analysts working at agencies which are ACRAA members.
Training programs are one of the main activities of the Association of Credit Rating Agencies in Asia (ACRAA). Some of the aims of the ACRAA include developing the credit rating skills of analysts, promoting a code of professional ethics, and initiating best practices among members. ACRAA members meet annually. ACRAA members meet annually to feature a number of workshops and training courses as well as to discuss areas of mutual interest. ACRAA members also work together to develop strategies for the future growth of the bond markets in Asia.
ACRAA's network covers 28 rating agencies in 15 countries: Bahrain, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Korea, Philippines, Malaysia, Pakistan, Sri Lanka, Taiwan, Thailand, and Uzbekistan.
For 2011, TRIS Rating took its turn as the co-host of the training program in Bangkok. Thirty five analysts from ACRAA member agencies attended. The workshop covered the rating methodology for debt issues of infrastructure projects, especially toll road projects. The analysts gained insights into many dimensions of credit risk in project finance, the implementation of credit enhancement mechanisms, and how to mitigate the risk factors. The trainer was Mr. Rohit D. Inamdar, Head of Corporate Ratings from ICRA Ltd., India, an associate of Moody’s Investors Service. Mr. Inamdar is a credit rating expert in industry sectors such as toll roads, engineering construction, real estate, and cement.
“The various training programs ACRAA has conducted for the analysts working at its member agencies are an essential mechanism to strengthen the human resources of ACRAA members so as to further develop the bond markets in Asia.”, said TRIS Rating. -- End
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