Credit Rating

What?

The credit rating provides an opinion on the short-term credit-worthiness and medium-term viability of regulated financial service providers 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).

Why?

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

Who?

  • 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.

Process

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