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Overview & Program Details

General information needed to understand the program. Please expand each section to learn more.

Jouci Fu avatar
Written by Jouci Fu
Updated over 2 weeks ago

RapidRatings & the Financial Health Rating (FHR)

RapidRatings is an unbiased, neutral, independent firm that rates the financial health of companies on behalf of supply chain and credit risk management professionals. The Financial Health Rating (FHR) is an objective and consistent 0–100 score that quantitatively measures the financial risk an operating entity faces over the next 12 months. Our proprietary algorithm is calibrated by a data set that includes hundreds of thousands of public and private companies’ financial statements across decades.

By calculating 68 ratios that are broken down into performance categories and resilience indicators, RapidRatings provides an empirically robust view on financial risk tailored to 24 industry specific models.


Scope of the Program

This request is part of a broader financial risk management initiative being implemented across your client’s supply chain, and your firm is in no way being singled out for scrutiny. The Financial Health Rating (FHR) is used to consistently evaluate the financial health of a wide range of counterparties.

The FHR enables early identification of potential financial risk, supporting proactive engagement and informed decision-making. This approach helps mitigate supply chain disruptions by establishing a neutral and data-driven foundation for dialogue.


Expected Timeline of Program

RapidRatings adheres to timelines established by the client, which are outlined in the introductory communication your firm received. In most cases, the expected completion period does not exceed 30 days. A designated RapidRatings representative will remain in contact throughout the process to address any questions or concerns. Once we receive complete financial data, our Data Analysis team can typically complete a rating within 2-3 business days. This range can vary during high volume periods, however.

If additional time is needed to review the request or compile the necessary financial information, please notify [email protected]. When possible, include an estimated date of completion.

Provided the timeline aligns with client expectations, RapidRatings will place the request on hold and follow up accordingly once the information becomes available.


Private Company Engagement & Confidentiality

The RapidRatings Member Services Team specializes in working with privately held companies and supports thousands of privately owned firms through this process each year.

With experience rating private entities in over 80 countries, our team is well-versed in navigating differences in accounting standards, unique concerns, and idiosyncrasies involved in handling confidential financial information from around the world.

Please note that this is a confidential disclosure between your company and our shared client. It is unrelated to any public filing requirements that may or may not apply to your organization.

If you have specific concerns or questions, please contact [email protected] for prompt assistance.


Industry Model Selection

The Financial Health Rating (FHR) is calibrated to 24 industry-specific models to ensure accurate and relevant assessments.

RapidRatings determines the appropriate model by first identifying the general classification of the entity such as manufacturing, services, retail, or wholesale. From there, a more specific industry subset is selected based on the company’s primary economic activity.

To ensure accurate model allocation, please provide your company's NAICS code.

Is it mandatory to provide an NAICS code?

Yes. To ensure accurate model allocation, we require your company's NAICS code.

What if my company does not have a NAICS code?

If your company does not currently have an NAICS code, please follow the steps below:

  1. In the NAICS code entry field, type a keyword that matches your company’s industry (for example: software, retail, manufacturing, etc.).

  2. The system will automatically recommend the most relevant industry categories based on the keyword.

  3. Select the NAICS industry classification that best matches your company’s business from the suggested list, then proceed to the next step.

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