The Rating Assessment Service (RAS) provides public finance organizations with an unmonitored, point-in-time assessment of potential credit rating, or potential impact on current credit rating, from customer-provided hypothetical scenarios.
Explore the benefits of the Rating Assessment Service
overview
In a world where data is increasingly abundant, credible insight is rare. Moody’s capabilities enable informed decisions that promote progress.
Helps public organizations understand how a Moody's Ratings committee assesses hypothetical scenarios’ credit effects and its potential rating implications
May reduce turnaround time for other Moody’s Ratings services (including ratings)
Provides ratings levels and written feedback, which the organization may determine to use in the formulation of internal capital plans, potential M&A, and/or funding strategies
Available to public organizations with or without ratings from Moody's Ratings
RAS FEATURES
Point-in-time assessment with a confidential outcome
RAS is delivered to an issuer via verbal and written feedback (confidential letter)
Standard RAS evaluates up to six scenarios over a maximum of two RAS committees
Note: Moody’s Ratings will not construct or assist in constructing scenarios.
Delivered through a confidential data room with a click-through NDA and may be shared with up to 50 third parties at the institutional level (RAS Unrated [and RAS SF] only)
Typical Use Cases
Project Finance Asset Sales / Purchases
Debt Service Reserve Funding Levels
Additional Debt Testing
Mergers and Acquisitions
Bankruptcy Emergence
State and Federal Program Assessment
Government Consolidations
Public Private Partnerships / Evaluation of Multiple Bidder Proposals
Note: Moody's Ratings ability and willingness to perform a RAS, or the extent of feedback Moody’s Ratings can provide in a RAS, is subject to various factors. The rating outcome on announcement or execution of a transaction may be different from a RAS outcome due to differences between the scenarios analyzed and the actual transaction or market conditions. Please discuss with a RAS Coordinator for further information.
the ras process
Analytical COVERAGE
For rated organizations, typically the Lead Analyst will conduct the RAS analysis
RAS outcomes are determined by a rating committee
For unrated organizations, a Lead Analyst will be determined based on sector experience and analytical availability
