A cross-sector, country specific methodology calibrated by reviewing historical financial and behavioural information for nearly 40,000 German SMEs and MidCaps over 10 years, so as to cover a full credit cycle.
In addition to quantitative data, our methodology incorporates expert qualitative analysis that reflects the dynamic nature of companies’ business and industry profiles and includes forward-looking credit views.
Specifically, our analysts test companies’ stated objectives by assessing the impact of future changes in their business environment as well as their organizational and management capabilities.
Funding opportunities may arise where there is an ability to differentiate credit risk levels amongst smaller companies.
Since about one third of a sample of ca. 24,000 of the companies whose data was used to develop the methodology would have obtained a score of BBB or higher under the financial profile component of the TRIBRating methodology scorecard, a rating may create more opportunity for investment grade funding for smaller companies as illustrated by a report from Euler Hermes Rating.
With TRIBRating, market participants can compare the credit risks of SMEs and MidCaps with those of other asset classes across Europe.
The new methodology used by TRIBRating is designed to position SMEs and MidCaps on the full spectrum, well known global rating scale.
TRIBRating enables more informed decisions when it comes to SME and MidCap funding in Europe.
TRIBRating’s offering uses an easy-to-understand methodology, featuring an intuitive and detailed scorecard.
The scorecard framework provides a transparent description of the key credit considerations that underpin our credit assessment and allows for immediate comparability across issuers for each credit risk driver.
TRIBRating’s offering also allows market participants to compare our output with their own views and perform their own analysis using the same framework.
TRIBRating is a brand of Euler Hermes Rating GmbH, the first credit rating agency to be registered under the EU Regulation on credit rating agencies, delivering independent credit opinions on SMEs and Midcaps.
TRIBRating positions SMEs and MidCaps on the full AAA to D global rating scale.
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