Rating Assessment Service

An unmonitored, point-in-time assessment of potential credit rating, or potential impact on current credit rating, from customer-provided hypothetical scenarios and provided to rated or unrated organizations, or customers interested in feedback on a future structured finance transaction

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Explore the benefits of a Rating Assessment Service

01

Helps organizations understand how a RAS committee assesses the hypothetical scenarios’ provided, the potential credit effects and rating implications

02

Provides rating level feedback, which the organization may determine to use in the formulation of internal capital plans, potential M&A, and/or funding strategies

03

Available to organizations with or without ratings from Moody's Ratings

Key features

Point-in-time assessment with a confidential outcome

RAS is delivered to an issuer via verbal and written feedback (confidential letter)

Standard RAS evaluates up to six scenarios over a maximum of two RAS committees. Note: Moody's Ratings will not construct or assist in constructing scenarios

Delivered through a confidential data room with a click-through NDA and may be shared with up to 50 third parties at the institutional level (RAS Unrated [and RAS SF] only)

Typical uses

Mergers & Acquisitions

Spin-offs

Recapitalizations

Share buybacks

Significant leveraging events

Potential strategic opportunities / Joint ventures

Dividends to sponsor / owner

Project finance asset sales / Purchases

Debt Service Reserve Funding Levels

Additional Debt Testing

State and Federal Program Assessment

Analytical coverage

For rated organizations, typically the lead analyst will conduct the RAS analysis

For unrated organizations, a lead analyst will be determined based on sector experience and analytical availability

RAS outcomes are determined by a RAS committee

Note: Rating Assessments are not equivalent to and do not represent traditional credit rating products nor any guarantee or indication that a credit rating or rating level may be obtained in the future.

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Let’s discuss your needs and how we can support you.