Rapid Ratings Wins “Best Risk Management Technology Provider” at 2016 Fund Intelligence U.S. Mutual Fund Services Awards
October 8, 2016
Rapid Ratings International, the industry’s leading assessment of public and private company financial health, today announced that it has recently been named, “Best Risk Management Technology Provider” in the first ever Fund Intelligence US Mutual Fund Services Awards. The award winners were announced at the Fund Intelligence US Mutual Fund Services dinner on October 6 in New York City.
The US Mutual Fund Services Awards recognize service providers that have demonstrated growth and innovation over the last year in serving the needs of US mutual funds.
“We’re honored to receive this award, which we believe is a testament to the growing demand for unconflicted, quantitative ratings in mutual fund risk management,” said James Gellert, CEO of Rapid Ratings International. “We expect the appetite among mutual fund firms for unique insights derived from companies’ financial health to continue to increase and we’re proud to be the leader in this space.”
Rapid Ratings International’s Financial Health Rating (FHR) uses a proprietary quantitative system to rate the financial health of corporations and financial institutions. Measured on a straightforward 0/worst–100/best scale, the FHR is generated using more than 70 financial ratios across a wide variety of performance categories that are calibrated based on 24 different industry models. The report includes an in-depth analysis of a company’s strengths and weaknesses.
“The judges felt that Rapid Ratings added genuine value to the decision making of portfolio managers, offering a mature and sophisticated product to its users,” said Gwyn Robert, director of Fund Intelligence. “The firm’s service was felt to provide actionable insight and real intelligence that guided teams of analysts and PMs at a wide range of mutual fund management firms. A truly impressive and outstanding firm, with industry-standard products the judges agreed.”
For the complete list of winners, visit the US Mutual Fund Services Awards website.
About Rapid Ratings International
Rapid Ratings is the creator of the proprietary Financial Health Rating, the industry’s leading assessment of public and private company financial health. Rapid Ratings’ 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 FHRs® 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.