Download Moody`s Credit AssessmentTM Expanding Credit Horizons

Moody’s Credit AssessmentTM
Expanding Credit Horizons
Moody’s Credit Assessment is a comprehensive credit research
service that helps investors, asset managers, pension funds,
private wealth managers, commercial banks, non-bank
financial institutions, rating advisors and risk managers better
understand, estimate and benchmark the fundamental credit
risk of companies that are generally not rated by global credit
rating agencies.
Moody’s Credit Assessment meets the growing demand for credible and independent
fundamental research that assesses the creditworthiness of companies that are generally not
rated by global credit rating agencies.
Moody’s Credit Assessment also helps clients better analyze new and existing investment
opportunities in various markets. With this service, you can identify companies you want to
analyze in-depth as part of your internal credit analysis, understand the key drivers of their
credit performance, and benchmark them to companies across your investment universe.
Key benefits:
CREDIT SCORING
A fundamental credit evaluation of a company’s
creditworthiness on a scale of MCA1 (very strong) to
MCA7 (very weak).
COVERAGE
Comprehensive coverage of companies generally not
rated by any international credit rating companies.
CREDIBILIT Y
Assessment of a company’s creditworthiness based
on well established methodologies that have stood
the test of time.
MULTIPLE CREDIT PERSPECTIVES
The service provides additional data and research
such as corporate governance analysis, company
profile, peer group comparison, and analysis of any
government support.
Key Components of a Moody’s Credit Assessment Report:
Credit Assessment Score
A fundamental credit evaluation of a company’s creditworthiness on a
scale of MCA1 (very strong) to MCA7 (very weak).
Credit Drivers and Factors
Detailed credit rationale, including factors that might change the
Credit Assessment score.
Liquidity Analysis
Analysis of a company’s current cash position, short-term debt, credit
lines, upcoming debt maturities, dividend policy/plan, and covenants.
Corporate Governance Indicators
Assessment of Moody’s specified corporate governance indicators (e.g.,
business model, growth strategy, quality of earnings, etc.) and potential
stress points for a company.
Peer Comparison
Benchmark comparison of a company against its peer group (rated or
unrated) on multiple parameters and metrics.
Company Profile
Business description and management strategy to help you familiarize
yourself with the company.
Moody’s Credit Assessment™ is a research publication that evaluates the relative credit worthiness of certain corporate entities. Moody’s Credit Assessment™ is
provided by Moody’s Credit Assessment, Inc., a subsidiary of Moody’s Corporation. Moody’s Credit Assessment™ is not a Moody’s Investors Service credit rating and is
solely based on publicly available information.
SP24069
Moody’s Credit Assessment
COVERAGE
Moody’s Credit Assessment currently covers Asian and Oceanic regions non-financial public corporations, including those issuing
domestic debt, offshore RMB bonds and USD convertible bonds. Moody’s Credit Assessment plans to expand into other regions while
taking subscriber interest into account.
DELIVERY
Moody’s Credit Assessment research is available through our website, moodys.com/creditassessment.
SERVICE SUPPORT
Training Specialists: Our team of training specialists will help you gain the most from your Moody’s subscription.
Client Services Desk: Our customer service team is available to give you the answers you need, quickly.
Account Managers: Dedicated relationship management teams provide support at each level of your organization.
© 2013 Moody’s Credit Assessment, Inc. and/or its licensors and affiliates (collectively, “MOODY’S”). All rights reserved.
MOODY’S CREDIT ASSESSMENT™ IS NOT A MOODY’S INVESTOR’S SERVICE (“MIS”) CREDIT RATING. MOODY’S CREDIT ASSESSMENT™ IS A RESEARCH PUBLICATION SOLELY BASED ON PUBLICLY AVAILABLE
SOURCES OF FINANCIAL INFORMATION THAT EVALUATES THE RELATIVE CREDITWORTHINESS OF CERTAIN CORPORATE ENTITIES THAT ARE NOT RATED BY MIS.
RESEARCH PUBLICATIONS PUBLISHED BY MOODY’S, INCLUDING BUT NOT LIMITED TO, MOODY’S CREDIT ASSESSMENT™ (TOGETHER, “MOODY’S PUBLICATIONS”) MAY INCLUDE MOODY’S CURRENT OPINIONS
OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL,
FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT. MOODY’S OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT
OR HISTORICAL FACT. MOODY’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS
TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. MOODY’S PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S PUBLISHES MOODY’S
PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE,
HOLDING, OR SALE.
ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED,
REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR
MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY’S PRIOR WRITTEN CONSENT.
All information contained herein is provided “AS IS” without warranty of any kind. MOODY’S is not an auditor and does not independently verify or validate the accuracy of the information contained herein. Under no
circumstances shall MOODY’S have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or
contingency within or outside the control of MOODY’S or any of its directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication, publication
or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or incidental damages whatsoever (including without limitation, lost profits), even if MOODY’S is advised in advance
of the possibility of such damages, resulting from the use of or inability to use, any such information. The analysis, projections, and other observations, if any, constituting part of the information contained herein are,
and must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Each user of the information contained herein must make its own study and
evaluation of each security it may consider purchasing, holding or selling.
NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY OPINION OR INFORMATION SET FORTH
HEREIN IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.
Any publication into Australia of this document is pursuant to the Australian Financial Services License of Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569. This document is intended to be provided
only to “wholesale clients” within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Australia, you represent to MOODY’S that you are, or are accessing the
document as a representative of, a “wholesale client” and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to “retail clients” within the meaning of section
761G of the Corporations Act 2001.
For more information, please contact your sales representative or call:
AMERICAS
+1.212.553.1653
[email protected]
EMEA
+44.20.7772.5454
[email protected]
ASIA PACIFC
+852.3551.3077
[email protected]
JAPAN
+81.3.5408.4100
[email protected]