Prudential Ratings’ mission is to provide credible credit rating differentiation and ultimately better analytical coverage of entities across Africa by a team that’s most amply knowledgeable about the dynamics of business on the continent. Prudential Ratings’ credit ratings relate to an issuer’s ability to timely meet its financial obligations such as payment of principal, interest, preference share dividends, insurance claims and counterparty obligations. The basis of our ratings is forward looking. We draw upon all available resources to give the users of our ratings an expectation of the issuer/issue’s future performance regarding the fulfilment of its financial obligations. Prudential Ratings’ credit ratings express risk on a relative ranking order. Our credit ratings do not address any other risk other than credit risk. However, to arrive at a determination of credit risk for a rated entity we may draw into consideration elements of other risks that may affect this. The purpose of this document is to give an enhanced understanding of Prudential Ratings’ rating process, rating scales, symbols and definitions.
a ratings agency