Post by account_disabled on Dec 12, 2023 5:51:46 GMT 2
The analysis is performed on the basis of the company's financial forecasts including the Profit and Loss Account RZiS Balance Sheet and Cash Flow Statement RPP for the period until the maturity date of the issue. The calculated financial ratios include interest bearing debt burden ratios debt service capacity ratios and for example adjusted liquidity ratios and operating margin ratios. In the next step of the assessment process the potential sensitivity of the enterprise to changes in operational and financial factors is assessed most often carried out in the form of a sensitivity analysis. Such an analysis allows for possible correction of the assumptions made in financial forecasts at the operational financial and combined levels.
The sensitivity analysis process usually uses predefined matrices of operational sensitivity determining the maximum permissible reductions in the company's sales and EBITDA and financial sensitivity determining the maximum permissible Email Marketing List increases in interest rates and increasesdecreases in currency exchange rates. The result of the sensitivity analysis is an assessment of the expected combined level of risk operational and financial. Finally the rating of an unsecured transaction is adjusted if necessary by the state of sensitivity or additional factors identified by the analyst approving the system assessment.
Assessment of a secured transaction The rating assessment of a secured transaction is performed when the transaction issue involves providing security by the issuer or a third party. The result of such an assessment is then a rating for the secured transaction taking into account the type of issue and the degree of its security. The assessment of the degree of transaction security is calculated by analyzing the value of the expected recovery rate from collateral RR and the level of expected losses LGD in the event of default by the issuer.
The sensitivity analysis process usually uses predefined matrices of operational sensitivity determining the maximum permissible reductions in the company's sales and EBITDA and financial sensitivity determining the maximum permissible Email Marketing List increases in interest rates and increasesdecreases in currency exchange rates. The result of the sensitivity analysis is an assessment of the expected combined level of risk operational and financial. Finally the rating of an unsecured transaction is adjusted if necessary by the state of sensitivity or additional factors identified by the analyst approving the system assessment.
Assessment of a secured transaction The rating assessment of a secured transaction is performed when the transaction issue involves providing security by the issuer or a third party. The result of such an assessment is then a rating for the secured transaction taking into account the type of issue and the degree of its security. The assessment of the degree of transaction security is calculated by analyzing the value of the expected recovery rate from collateral RR and the level of expected losses LGD in the event of default by the issuer.