The rating process normally takes around four weeks from signing of the contract to publication of the rating report, depending on the availability of management and analysts for an initial meeting.
Prior to the rating process, the issuer will be informed about the information requirements needed to start the process. The process is led by a primary analyst who interacts with the issuer, prepares the analytical documents and presents a recommendation for a rating committee. A meeting with the issuer’s management is central to the rating process, as it provides an opportunity for the analytical team to probe management on issues such as risk tolerance, budget assumptions, and industry outlook. The analytical process is iterative as the analysts maintain a dialogue with management during the process.
The issuer can choose to enter into a confidential rating process. A confidential credit rating can be published at short notice at any time following the initiation of the rating.
A contract is signed with NCR's commercial representatives.
The analytical team is notified and gathers information to conduct an initial analysis.
A meeting between the issuer's management and the analytical team takes place, preferably at the issuer's premises.
The analytical team drafts a rating report and a recommendation of the proposed rating, based on the applicable methodology.
A rating committee takes place to discuss the recommended rating and determine the final rating.
The rating outcome is communicated to the issuer and a draft report is distributed to the issuer.
The issuer decides whether to publish the rating, keep it confidential or discontinue the process.
The analytical team monitors the issuer's creditworthiness to determine whether it is in line with the current rating level.
