10 Things Companies Should Do Before a Rating Exercise

A short, practical pre-rating checklist that materially improves how smoothly the process runs.

The Checklist

• Reconcile all financial statements, debt schedules, and CMA data before submission, so figures are internally consistent

• Prepare a concise business overview presentation covering strategy, competitive position, and outlook

• Identify and prepare all management representatives likely to be involved in discussions

• Compile a complete, organised documentation pack in advance rather than assembling it reactively

• Review known weaknesses honestly and prepare a credible narrative addressing each one

• Benchmark key financial ratios against rated peers to understand where the company stands

• Clarify contingent liabilities, guarantees, and related-party transactions internally before they are raised

• Align messaging across finance, operations, and promoters on any sensitive recent developments

• Confirm near-term liquidity position and headroom under existing covenants

• Build in a realistic timeline buffer, especially if the rating is needed for a specific funding deadline

Talk to FinMen Advisors — for help preparing for a rating exercise, write to marketing@finmen.in or call +91 77387 14680.

Disclaimer: This article is intended for general informational and educational purposes only and does not constitute financial, credit, investment, or legal advice. Credit ratings are assigned solely by SEBI-registered Credit Rating Agencies (such as CRISIL, ICRA, CARE Ratings, India Ratings, Brickwork, Acuite, and Infomerics) based on their own methodologies, policies, and the information available to them at the time of assessment. FinMen Advisors provides preparatory and advisory support to companies undergoing a rating exercise and does not issue, influence, or guarantee any rating outcome. Readers should exercise independent judgement and consult qualified professionals before making business or financial decisions.

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