Registration as a CRA
INBONISRATING is the first Credit Rating Agency with SME-specific rating methodologies registered and supervised by the European Securities and Markets Authority (ESMA).
In Europe, only ESMA-accredited rating agencies can issue ratings. The supervisor, ESMA, is the guardian of the Regulation Framework and in particular Regulation (EC) 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies.
The purpose of the regulation is to ensure the integrity, responsibility, good governance and transparency of the rating agencies in order to guarantee the quality of the ratings with the purpose of ensuring maximal investor protection.
As a registered CRA, Inbonis can issue ratings on SMEs across the European Union.
A credit rating is a quantitative and qualitative evaluation of a company that provides an indication of its ability to meet its financial obligations. It is used in capital markets as a reference when making investment or financing decisions.
List of Ratings
INBONISRATING uses an alphabetical system to determine the credit rating. There are 10 rating categories or notchs with AAA being the highest rating and D the minimum.
The credit rating methodology used by INBONISRATING has been specifically designed for assessing SMEs, it is robust and complies with the European regulation.
To ensure high quality ratings, INBONISRATING has developed technological tools, agile methodologies and an advanced risk model.
Thanks to this methodology, INBONISRATING can democratize credit rating, making it accessible and profitable for both SMEs and financial agents who need to evaluate them.
Evaluated risk factors
Process for credit rating issuance
As a Credit Rating Agency, INBONISRATING is built on two pillars: objectivity and independence.
The agency has implemented internal controls in order to be free from any conflict of interest and not to be influenced by any political or economic constraints.
To ensure the highest level of independence and integrity in the issuance of credit ratings, INBONISRATING has built a governance structure and processes consisting of four lines of defence.
INBONISRATING complies with the code of conduct defined by IOSCO for Credit Rating Agencies and with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies.