Learn more about enhancing

your credit rating.

We improve your credit rating.

Specializing in corporates, banks & regional governments

We support capital market participants

with customized solutions for credit rating.

Rating Advisory supports capital markets participants

Governments

Rating Advisory helps you understand the rating agencies’ world. We support you throughout the entire rating process.

Financial Institutions & Corporates

Whether through shadow ratings, in-depth analyses, or throughout the rating process, we provide comprehensive support for all rating related matters.

Regulators and Funds

We review rating agencies’ compliance with policies and present detailed recommendations for action.

News

Sovereign Credit Risk Seminar on 25-26 March 2020, Prague

The seminar covers relevant approaches of credit analysis that are useful to incorporate in a financial institution’s own internal rating model. Furthermore, participants will deepen their expertise about credit risk for global banks and sovereign obligors. Know-how about the rating agencies’ operating techniques will be transformed into practical tips about how internal rating models should assess credit risk and which factors need to be taken into account when analysing banks and sovereigns. Therefore when further discussing the availability of validated

By Eden Babacsayv|March 20th, 2020|0 Comments

Expertise

We support capital markets participants in their relationships with credit rating agencies and assist them with optimizing their credit ratings. We further support institutional investors in understanding the variety of credit rating methodologies, which often result in different ratings. Also, we support national supervisory authorities, as well as credit rating agency regulators and funds to fulfill their assignment more effectively by examining proactively, whether credit rating agencies comply with the imposed set of analytical requirements.

Mission Statement

We support capital markets participants with tailor-made solutions for credit ratings.

“Nothing exists except atoms and empty space; everything else is opinion.”

Democritus, ancient Greek philosopher

Products & Services

We advise issuers, institutional investors, financial regulatory authorities and funds; each with specific product solutions. Rating Advisory distinguishes itself from other firms in the industry by its absolute independence. Unlike large banks, which offer rating services as just one of many products, Rating Advisory does not offer direct financing nor connects clients with potential investors. This is the reason our audience regards the firm as truthfully independent.

Please find below a selection of our products. We would be glad to tailor each product to your specific needs.

Facilitate credit rating process for issuers

Rating Advisory helps you understand the rating agencies’ world. We support you throughout the entire rating process. Whether it is your first time or you are a returning customer at the rating agencies, we outline the different approaches of rating agencies for you and support you in evaluating the one that is just right for you.

Do you already have a rating? We examine if the rating is fair. Based on international experience we are able to compare your rating factor assessments with those of the peer group. Should we figure out that there is still headroom for a higher rating, we’d be glad to advise you on further steps. Upon request, we also handle the communication with the rating agencies, in order for you to receive the desired credit rating.

Workshop on your rights regarding rating agencies

Do you think the degree of creditworthiness is underappreciated by the rating agency? Rating Advisory helps you to enforce your interests. We outline the far-reaching possibilities for you, starting with a simple reclamation at the rating agency, through to official complaints at ESMA (European Securities and Markets Authority), up to legal actions against an agency.

Workshop on the different rating agencies' criteria

Structure and application of criteria vary among the different rating agencies. Rating Advisory helps you keep track of it. We outline the different rating factors and explain how they are interrelated. Furthermore, upon request, we explain differences and, where applicable, similarities between international rating agencies by using the example of a business case. We compile likely consequences of current events on the rating for you, as well as how your rating interacts with other entities’ ratings, such as banks, regional governments, and sovereigns.

Prepare shadow-ratings on single issuers, based on international rating criteria

Rating Advisory prepares shadow-ratings on desired banks or regional governments. Consequently, you receive an excellent indication of the creditworthiness under the preferred rating agency’s methodology. In order to meet your expectations in the long-term, we advise you further on choosing from the variety of rating agencies and the respective application of criteria.

Prepare shadow-rating-estimates on single issuers, based on international rating criteria

Rating Advisory prepares shadow-rating-estimates on desired banks or regional governments too. The result here is usually a range of three rating notches. They are quicker to produce and therefore rather inexpensive for you to purchase. Also here, in order to meet your expectations in the long-term, we advise you further on choosing from the variety of rating agencies and the respective application of criteria.

Develop and validate rating models

Rating Advisory is involved in developing rating models from scratch, as well as validating them according to up-to-date EBA guidelines. IT-based tools for assessing creditworthiness happen to be outdated very often and their fundamental assumptions are not maintained on a regular basis. This leads inevitably to incorrect results and misleading expectations. Correspondingly fundamental scoring structures, meaning the rating factor’s logic, need to be updated regularly in order to reflect state of the art information.

Rating Advisory examines which rating tool and scoring structure makes the most sense for your purposes and supports you to either develop a new rating tool or adopt the current one. Overall this leads you to keep track of probability of default rates and helps you conceive an informed opinion about your clients’ creditworthiness.

Author comparison reports on rated and non-rated entities

Rating Advisory authors reports focusing on entities’ relative strength and weaknesses, compared to their respective peer groups. For this purpose, we include rated, as well as non-rated entities and of course take the same international criteria and standards as a basis.

Perform fundamental quality checks on credit-rating-results

Credit rating agency (CRA) regulators, i.e. international regulators, towards which significant rating agencies have an obligation, fulfill a very important but also very complex task. It includes procuring that rating agencies adhere to specialized standards and international guidelines. Rating Advisory supports national authorities as well as international regulators to review the guidelines/policies and presents detailed reports about the findings.

Prepare plausibility-check of external ratings

Rating Advisory prepares all documentations for the plausibility-checks of external ratings for institutional investors. Depending on which external ratings the investor uses for the portfolio, Rating Advisory uses the relevant rating methodologies to track the rating and to document it for regulatory purposes.

About

Ron Slomovits has established Rating Advisory in 2015 after twelve years of professional experience in the financial and consulting industry. He supports capital markets participants on credit rating matters, specializing in corporates, banks, insurance companies, regional government and funds. The consulting firm provides market participants with an informed perspective on ratings, which finally puts them in the driver’s seat when it comes down to controlling their own credit ratings.

The basis for that knowledge, Mr. Slomovits gained at the international rating agency Standard & Poor’s, at the department of Sovereigns/International Public Finance. His portfolio covered states as well as other entities, such as corporates & banks in Austria and Germany. This required close collaboration with the Financial Institutions & Corporate teams.

In this role, he led annual personal meetings with high-placed government officials and other executives, to analyze creditworthiness of the respective entities. Mr. Slomovits also worked directly with the rating criteria of central governments, international banks and corporates, in order to quantify the interrelationship between these different entities.

Prior to joining Standard and Poor’s Mr. Slomovits worked as a credit analyst with an Austrian bank, where he gained professional experience in the field of European banking analysis / stress testing and prepared investment decisions by analyzing the financial robustness of 57 worldwide major banks.

Mr. Slomovits holds a master’s degree from Vienna University of Economics and Business.

Contact

Your concern is our concern!