The MORE Rating user guide

General vision

Rating is an opinion on the financial and economic quality of a company, observing and studying its major risk factors. The Multi Objective Rating Evaluation (MORE) model assesses the level of economic-financial quality of a given company, using as reference the data included in the financial statements.

The MORE Methodology is used by modeFinance as part of the process of issuance of Credit Ratings in compliance with Regulation (EC) N. 1060/2009 of the European Parliament and of the Council of 16 September 2009 (the Credit Rating Agencies Regulation).

MORE methodology

The basic idea underlying the MORE rating model valuation is analyzing in detail a series of economic and financial indicators to assess the fundamentals of the company and assign accordingly as accurate as possible the final rating. The Multi Objective Rating Evaluation (MORE) model is essentially used to assess the level of distress of industrial companies by using data included in financial statements.

The final rating is evaluated using a variety of innovative numerical methodologies, integrated with the most modern economic and financial theories, in order to give an assessment of the credit risk that is as coherent and transparent as possible.

The technologic core of the model MORE is a multi-dimensional and multi-objective algorithm that aggregates in a coherent way the various aspects (quantitative, qualitative, economic and financial) of the company in question.


With effect from July 10th, 2015, modeFinance srl is registered as a credit rating agency in accordance with Regulation (EC) N. 1060/2009 of the European Parliament and of the Council of 16 September 2009 (the Credit Rating Agencies Regulation). MORE Methodology is used by modeFinance as part of the process of issuance of Credit Ratings in compliance with Regulation (EC) N. 1060/2009 of the European Parliament and of the Council of 16 September 2009 (the Credit Rating Agencies Regulation). Please note that the measure of creditworthiness included in modeFinance's s-peek is not a "credit rating" as defined in accordance with the EU Regulation N. 1060/2009.

placehold

Rating Class


placehold


The credit limit in this report is merely a suggested value of commercial credit limit calculated on the basis of annual public data. This value should be reviewed by paying attention to the Confidence Level value and by using other information such as other business information, news, etc, and private information such as the relationship with client, history of payments guaranteed and the industry knowledge. Please note that the measure of creditworthiness included in modeFinance's s-peek is not a "credit rating" as defined in accordance with the EU Regulation N. 1060/2009.