Rating process
Our rating process normally takes around four weeks from signing of the contract to publication of the rating report, depending on the availability of management and analysts for an initial meeting:
Prior to the rating process, the issuer will be informed about the information requirements needed to start the process. The process is led by a primary analyst who interacts with the issuer, prepares the analytical documents and presents a recommendation for a rating committee. A meeting with the issuer’s management is central to the rating process, as it provides an opportunity for the analytical team to probe management on issues such as risk tolerance, budget assumptions, and industry outlook. The analytical process is iterative as the analysts maintain a dialogue with management during the process.
Ewatch Africa Investment Analytica’s rating process
CONTRACT SIGN
A contract is signed with eWatch Africa Investment Analytica Plc’s commercial representatives.
INITIAL ANALYSIS
The analytical team is notified and gathers information to conduct and initial analysis.
MANAGEMENT MEETING
A meeting between the issuer’s management and the analytical team takes place, preferably at the issuer’s premises.
COMMITTEE PREPARATION
The analytical team drafts a rating report and a recommendation of the proposed rating, based on the applicable methodologies.
RATING COMMITTEE
A rating committee takes place to discuss the recommended rating and determine the final rating.
COMMITTEE FEEDBACK
The rating outcomes is communicated to the issuer and a draft report is distributed to the issuer.
DECISION TO PUBLISH
The issuer decides whether to publish the rating, keep it confidential or discontinue the process.
ONGOING SURVEILLANCE
The analytical team monitors the issuer’s creditworthiness to determine whether it is in line the current rating level.