 | James Gellert Chairman and CEO Rapid Ratings International Inc. Tel.: +1 646 233 4600 Email: information@rapidratings.com |
STONE MOUNTAIN CAPITAL RESEARCH PERSPECTIVE VOL. 9
Based on financial reporting for periods ending 6/30/15 and 9/30/15, Rapid Ratings has updated Financial Health Ratings (FHR) and Core Health Scores (CHS) on 1885 non-financial companies in 22 emerging market countries. The FHR reflects a company’s strength/vulnerability over the next 12 months, while the CHS reflects it over 24-36 months. Both run on a scale of zero/worst to 100/best.
The resulting observations, below, contain the most up-to-date signals available on national and sector trends among emerging market corporates. Of note is the strong average performance of the small Argentinian sample (FHR + 5, CHS +9) against a backdrop of modest declines in FHR averages for 15 countries and in CHS averages for 19 countries. Of note, as well, is the nearly universal retreat in average scores among the 29 sectors profiled.
Based on financial reporting for periods ending 6/30/15 and 9/30/15, Rapid Ratings has updated Financial Health Ratings (FHR) and Core Health Scores (CHS) on 1885 non-financial companies in 22 emerging market countries. The FHR reflects a company’s strength/vulnerability over the next 12 months, while the CHS reflects it over 24-36 months. Both run on a scale of zero/worst to 100/best.
The resulting observations, below, contain the most up-to-date signals available on national and sector trends among emerging market corporates. Of note is the strong average performance of the small Argentinian sample (FHR + 5, CHS +9) against a backdrop of modest declines in FHR averages for 15 countries and in CHS averages for 19 countries. Of note, as well, is the nearly universal retreat in average scores among the 29 sectors profiled.
Source: Rapid Ratings International Inc., Emerging Market Trends Report, November 2015
Disclaimer: A Financial Health Rating (FHR™) or equity recommendation from Rapid Ratings™ is not a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any financial products. The FHR™ is a statement of opinion derived objectively through our software from public information about the relevant entity. This information and the related FHR’s™ and related analysis provided in the reports by Rapid Ratings™ do not represent an offer to trade in securities. The research information contained therein is an objective and independent reference source, which should be used in conjunction with other information in forming the basis for an investment decision. Rapid Ratings™ believes that all of its reports are based on reliable data and information, but Rapid Ratings™ has not verified this or obtained an independent verification to this effect. Rapid Ratings™ provides no guarantee with respect to the accuracy or completeness of the data relied upon, nor the conclusions derived from the data. Each FHR™ is a relative, probabilistic assessment of the credit risk of the relevant entity and its potential to meet financial obligations. It is not a statement that default will or will not occur given that circumstances change and management can adopt new strategies. Reports have been prepared at the request of, and for the purpose of, the subscribers to our service only, and neither Rapid Ratings™ nor any of our employees accept any responsibility on any ground whatsoever, including liability in negligence, to any other person. Finally, Rapid Ratings™ and its employees accept no liability whatsoever for any direct, indirect or consequential loss of any kind arising from the use of its ratings and rating research in any way whatsoever, unless Rapid Ratings™ is negligent in misinterpreting or manipulating the data, in which case, our maximum liability to our client is the amount of our fee for the report.
© 2015 Rapid Ratings International. The information in this document is the property of Rapid Ratings International and may not be copied or communicated to a third party, or used for any purpose other than that for which it is supplied without the express written consent of Rapid Ratings International. This information is given in good faith based upon the latest information available to Rapid Ratings International, no warranty or representation is given concerning such information, which must not be taken as establishing any contractual or other commitment binding upon Rapid Ratings International.
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