To generate a Financial Health Rating (FHR) for a company new to our network, we require a minimum amount of closed financial history. This requirement ensures accuracy, model reliability, and consistency across all submission methods.
Minimum Requirement: 9 Months of Closed Financials
For a new company that we've never rated before, RapidRatings requires at least 9 months of closed financial statement data to generate an FHR. For companies that we've rated in the past, we simply need a more recent period to bring the report up-to-date. That means 12 months of data for a more recent fiscal year or a trailing 12 months of data for an interim period.
Submission Options and How This Requirement Applies
1. QuickSync and Enter Your Own Financials
These two submission methods require full 12‑month periods of financials. Interim periods must be provided on a trailing 12-month basis for Enter Your Own Financials. QuickSync does not yet support interim periods.
If the company only has 9–11 months of financials available, they cannot use QuickSync or Enter Your Own Financials.
2. Manual Upload (Submission Option 3)
If the company has the minimum 9 months of closed financials but does not have two full annual periods, they must submit via: Manual Upload → “Upload Financial Statements”.
This option allows partial-year financials and ensures the rating can still be produced.
If the Company Cannot Meet the 9‑Month Minimum
If fewer than 9 months of closed financial data is available, the company cannot yet be rated.
In these cases, they should:
Place their submission on hold, and
Submit once 9 months of financials are closed and ready.
This prevents unnecessary back‑and‑forth and ensures the rating can be processed without delay.
Summary
Situation | Eligible Submission Method | Rating Possible? |
≥ 9 months, but < 2 full years | Manual Upload | Yes |
2+ full 12‑month periods | QuickSync, Enter Your Own Financials, Manual Upload | Yes |
< 9 months | None | No—submission should be placed on hold |