The next stage consists of quantifying the residual
risk that will be borne by the SPC. This risk
is assessed by producing a rating. There are two
types of ratings: a country rating to quantify the
risk attached to the project’s background and,
therefore, to establish whether the country risk
is acceptable to the market, and a project rating,
a project risk assessment through the establishment
of a checklist, which establishes
whether the intrinsic risks in the project were
correctly handled by the sponsors.