Rapid Ratings Wins “Best Risk Management Solution – Innovation” at 2016 Wall Street Letter Institutional Trading Awards
March 1, 2016
Rapid Ratings International, creator of the proprietary FHR® (Financial Health Rating), today announced that it has been named, “Best Risk Management Solution – Innovation” at the 2016 Wall Street Letter Institutional Trading Awards. The FHR® is the industry’s leading assessment of public and private company financial health.
Presented on February 23rd in New York City, the WSL Awards acknowledge providers in the institutional trading industry for excellence in achievements and innovation over the past year.
“We are committed to innovation and we are constantly enhancing our solutions to provide our clients with the most accurate and up-to-date financial assessments possible” said James Gellert, CEO of Rapid Ratings International. “We’re honored to have won this award and to be recognized by WSL for providing unbiased and independent ratings of company financial health.”
“We’re happy to present these awards, as recognition plays a key role in market-changing innovation,” said Anna Lyudvig, editor of The Wall Street Letter. “We look for advances in product innovation that give institutional investors more efficient and liquid access to previously inaccessible market areas.”
The FHR® uses a proprietary quantitative system to rate the financial health of corporations and financial institutions, measured on a straightforward and consistent 0–100 scale. Rapid Ratings’ methodology evaluates company financials factoring for 70+ performance ratios from a company’s financial statements. These ratios are then calibrated to 24 different industry models to produce a FHR® and in-depth analysis of a company’s strengths and weaknesses.
About Rapid Ratings International
Rapid Ratings is the creator of the proprietary FHR® (Financial Health Rating), the industry’s leading assessment of public and private company financial health. Our disruptive methodology, scalable solutions, and unparalleled support enables businesses to effectively manage and price risks associated with the financial health of third-parties including customers, trading counterparties, suppliers, vendors, and investments.
Hundreds of leading organizations across industry verticals rely on the FHR’s® data visualization and detailed reporting tools to provide visibility and early warning of financial deterioration. Rapid Ratings is the only company to rate public and private companies, globally and with the same depth of analysis.
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