We rate around 300 corporates – including constituents of the CAC40, DAX40, STOXX, and iBoxx indexes – and about 3,000 corporate bonds. Our ratings and research support issuers and investors in managing credit risk and enhancing returns. Ratings may be solicited by corporates themselves or requested by investors such as insurance firms, asset managers and bond investors. We also provide ratings that help banks optimise regulatory capital and balance sheet management.
Rating overview
Our corporate credit risk analysis is rooted in methodologies tailored for Europe’s specific complexities. Our modular, flexible, and opinion-driven methodology ensures analytical rigour while recognising issuer-specific features. In particular, our ratings account for detailed balance-sheet factors, from high cash balances to debt-like obligations such as pensions.
Bottom-up, quality focused: We assess corporate specifics such as legal structures, cash strategies, pension liabilities, captive finance, family ownership and sustainability.
No country cap: Corporates with strong financials or international presence can be rated above their home country’s sovereign.
Flexible rating framework: We avoid rigid weightings, favouring company and sector-specific considerations like market position and profitability over sheer size.
Full transparency: We spell out our forecasted credit metrics and their components, enabling investors to reconcile the rating case with their own expectations.
We publish regular sector updates and outlooks across industries including airlines, automotive, capital goods, chemicals, consumer goods, healthcare, oil & gas, metals & mining, real estate, retail, telecoms, utilities. We also provide focused research and short commentaries on key corporate credit developments and debt market segments.
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