Fitch Ratings is planning to extend the introduction of Issuer Default Ratings (“IDRs”) on the short-term rating scale – i.e., Short-Term Issuer Default Ratings or “ST IDRs” –to complement its previous introduction of IDRs on the long-term scale.
A limited number of ST-IDRs have been introduced already, but before assigning further ST IDRs, the agency is soliciting input from the marketplace on the priorities that ratings users place on the shortterm rating scale in the course of their work. Fitch wishes to incorporate market feedback on short-term rating usage relating to both issuers and their instruments.