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IBcontacts Applies a New Rating Scale for Assessing the Creditworthiness of Companies


In order to meet national standards for assessing the financial condition and solvency of business entities and debt instruments, IBcontacts began applying national rating scale.

Kyiv, Ukraine, July 05, 2012 --(PR.com)-- In order to meet national standards for assessing the financial condition and solvency of business entities and debt instruments, IBcontacts began applying national rating scale, approved by the Decree of Cabinet of Ministers of Ukraine "On Approval of the National Rating Scale" of April 26, 2007 № 665.

In compliance with the national rating scale, short-term rating from uaKD (low) to uaK1 (high), and long-term rating from uaD (low) to uaAAA (high), may be assigned to business entities and debt instruments starting. In addition, a national rating scale has two levels: investment and speculative one, and additional indicators to credit rating.

In order to assess solvency and creditworthiness of subjects outside Ukraine, the IBcontacts specialists elaborated on a rating scale, which corresponds to the international one. This allows customers of credit reports to get a clear idea of their partners' reliability.

It should also be mentioned that a unique methodology for each of the rating scales was developed in order to provide a credit rating, which, inter alia, includes a comprehensive analysis of the economic activities by qualified professionals. One of the final stages of the process of assigning a credit rating is including the data in a specially designed model, which in addition to quantitative factors includes quality characteristics that are of particular importance.

IBcontacts company specializes in developing trade relations between Ukrainian companies and their foreign partners. The company works in the fields of trade, project and structured finance, credit management and trade facilitation, providing full range of financial, market research and legal services.

For more information, please contact Head of IBcontacts Communications Department Ms. Anna Dzhenkova via phone +38 044 359 02 00 or e-mail: pr@ibcontacts.com.ua
Contact Information
IBcontacts
Anna Dzhenkova
+380443590200
Contact
ibcontacts.com.ua/en/

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