Due to the current economic situation of the Greek market, businesses are faced with considerable challenges, most of which relate with the need to improve liquidity, and therefore, businessmen need to manage issues such as:
- Lack of trust on the part of investors towards Greek companies because of the current economic situation.
- Difficulties in securing bank financing, and, when secured, financing is limited and expensive.
- There are various forms of financing available on the market for raising capital (corporate bonds, multiple forms of crowdfunding, Entrepreneurship Support Funds, securities trading) which are not easily accessible without the necessary visibility.
ICAP CRIF RATINGS , as a Credit Rating Agency, focuses on finding effective solutions to these issues and, in particular, addressing the lack of liquidity by investing in human resources and technology for new services such as Solicited Credit Rating.
Solicited Credit Rating is a credit rating carried out by a rating agency for a company at its request and serves as the vehicle for business improvement and development.
This service is important because it can be used as:
- A great asset when doing business with banks (domestic or foreign).
- An accurate reflection of the creditworthiness of entities undertaking special projects.
- Direct creditworthiness visibility, in cases of indirect co-operation with credit insurance companies, thus adding value.
- Recognised proof of the company’s creditworthiness to investors and private equity funds.
- Supporting material in the submittals for participation in an Athens Stock Exchange market to secure bond financing.
Businesses should know that a high Credit Rating by a European Recognised Credit Rating Agency gives the company transparency, improves its negotiating capacity, and attracts market interest by increasing investor confidence thus facilitating access to capital.
ICAP CRIF RATINGS, with specialised know-how and years’ experience in corporate credit rating, can help businesses reach these goals with Solicited Credit Rating.
Notification
Be advised that ICAP CRIF RATINGS, as a recognised Credit Rating Agency, is obliged to disclose and submit the assigned Solicited Credit Ratings to the European Securities & Markets Authority – ESMA.
The latter is required to publish the information regarding these ratings on a public website (European Rating Platform-ERP) in compliance with Regulation 2015/2 of the European Commission.