The credit rating provides an opinion on the capacity of the regulated financial service provider to manage risks and on its short-term creditworthiness, in order to meet the financial obligations. The credit rating is offered only in Ecuador – where MFR is licensed by the Superintendence of Banks (SB) and by the Superintendence of Solidarity-Based Economy (SEPS) – and in Bolivia – where MFR is licensed by the Supervisory Authority of the Financial System (ASFI).
The credit rating is an effective management and reporting tool that is used to:
- Meet regulatory requirements
- Enhance institutional reputation, accountability, and transparency
- Compare practices and performance with international standards and benchmarks
- Strengthen institutional governance and decision-making, risk management, systems and performance
- All financial service providers regulated by the Superintendence of Banks (SB) and by the Superintendence of Solidarity-Based Economy (SEPS) in Ecuador
- All financial service providers in Bolivia, both regulated by the Supervisory Authority of the Financial System (ASFI) and non-regulated, with a special focus on the microfinance sector
How it works?
The credit rating provides a comprehensive assessment of risks and performance through a dynamic qualitative and quantitative analysis of the following areas. The rating is updated on a quarterly basis.