The Credit Research Initiative ("CRI"), and the National University of Singapore ("NUS") are not recognized as Credit Rating Agencies (CRA) by the Monetary Authority of Singapore (MAS), and thus are not regulated under the Securities and Futures Act (SFA) of Singapore. Consequently, the CRI and NUS are not licensed under the Capital Markets Services (CMS) regime, and have no licensing obligations under the CMS. The CRI and NUS are not officially recognized or accredited as credit rating agencies in any other jurisdiction. Users should not use or rely on data available on this website to comply with applicable laws or regulations that prescribe the use of ratings issued by accredited or otherwise recognized credit rating agencies.

The CRI has not been solicited by issuers to produce data appearing on this website, and issuers do not pay CRI any fees to develop the quantitative models that generate the results that appear on this website.

All information contained herein is obtained by CRI from sources believed by it to be accurate and reliable. Because of the possibility of human error as well as other factors, however, all information contained herein is provided without warranty of any kind. Under no circumstances shall CRI have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of CRI in connection with the procurement, collection, compilation, analysis or publication of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including without limitation, lost profits). The information contained herein is not a statement of recommendation to purchase, sell or hold any securities.