
Financial Strength Rating For Insurance Companies
- Interactive Rating
- Non Interactive Rating
- Methodology
i.e. Muhanna & co. Rating Services non-interactive rating process is assigned based on publicly available information including financial and non financial data of an insurer. It incorporates only the ratio analysis and a simplified version of the analysis of the non-financial criteria. This simplified process reflects the more limited availability of information than in the case of the interactive process. The non-interactive rating process primarily revolves around the audited financial statements, as well as, some supplementary information that is made available by some of the companies rated. Very importantly, the non-interactive rating process does not incorporate any ongoing, continuous surveillance and non-interactive ratings would normally only be updated on the publication of annual audited financial statements. However, non-interactive financial strength rating may be updated before the publication of audited financials if other information that has material implications for the financial strength rating of a company becomes publicly available. Muhanna non-interactive ratings are indicated by a “ni” subscript to distinguish these ratings from the interactive ratings.
RATING SCORING SYSTEM
FINANCIAL ASSESSMENT & RATIO WEIGHTS
NON FINANCIAL ASSESSMENT
Credit Rating For Municipalities
- Interactive Rating
- Non Interactive Rating
- Methodology
i.e. Muhanna & co. Rating Services interactive credit rating is assigned through a process that involves the voluntary participation of the client and the rated municipality or union of municipalities. The rating process includes a review of information presented by the client or the rated municipality in addition to publicly available financial and non financial data. The rating depends on the transparency, and credibility of the presented information. More importantly, it also includes extensive contact between i.e. Muhanna & co's analysts and the municipality’s council and management.
In order for an interactive rating to be assigned, the municipality’s voluntary participation in the process must extend beyond the initial analytical work. The rated municipality is expected to cooperate with i.e. Muhanna & co's ongoing surveillance process, which involves an update meeting between the municipality’s council, management and i.e. Muhanna & co's analysts on at least an annual basis.