The rating process
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- A risk analyst reviews the information stored in CofaceBdi systems. Including history of “Red Lights” identification of related companies, ownership, charges, etc.
- An analyst contacts subject company management and questions them on the company’s activities, its financial situation and business environment.
- A team of trained workers questions suppliers (activity volumes, payment morality, etc.), customers (activity volumes, clients satisfaction, etc.), and service providers (activity volumes, payment morality, etc.)
- The analyst analyses and evaluates the collected information and determines the company rating in accordance with the rating methodology.
- The analysts’ team supervisor reviews the analyst’s rating and approves it.
Rating methodology is based on the analysis of the following data:
- Demographic data on companies (size, branch, foundation date, activity)
- Red Lights (history of significant negative events: payment morality, returned checks, restricted bank accounts, court suits, receiverships, etc.)
- Related companies (including ownerships, sister companies, subsidiaries, etc.)
- Financial data and financial reports
- Questioning of managers
- Company risk rating history
- Branch situation
- Macroeconomic data
- Supplier / customers questioning
- Data from branch information clearing houses
- Analysis of charges
CofaceBdi rating methodology has been used for approximately 19-years. CofaceBdi companies’ ratings are used by many companies in the economy, including the banking system and foreign credit insurance companies.