TRIBRating is a service developed through the Euler Hermes collaboration with Moody’s Investors Service, formed in late 2016. Launched in 2017 and already operational in Germany, France, Italy, Spain and Switzerland. TRIBRating is now being introduced in Belgium and Netherlands as the sixth and seventh country of its wider European rollout. The TRIBRating service aims to enable small and mid-sized businesses with revenues between €10m and €500m to gain a transparent and inter-nationally comparable credit rating using the full spectrum of the well-known ‘AAA’ to ‘D’ global scale.
“Using a detailed, tailored and transparent methodology and SME-specific modelling, TRIBRating offers a robust assessment of creditworthiness. This independent and globally comparable credit rating could enable small- to medium-sized businesses in Belgium and Netherlands to attract a wider range of funding sources.” said François Bourgeois, CEO of Euler Hermes Rating. With the Belgian and Dutch TRIBRating methodologies, the tools for a greater transparency of European SME and MidCap credit risk that had previously been available in Germany, France, Italy, Spain and Switzerland will now also extend to Belgium and Netherlands. “Smaller companies seeking to grow domestically or through export can now differentiate their credit risk levels from those of competitors in a way that has previously been typically restricted to larger businesses.”
The TRIBRating methodology was developed in collaboration with Moody’s Investors Service, a leading global rating agency with extensive experience in developing rating methodologies across a range of sectors. Coupled with Euler Hermes’ extensive knowledge of SME credit risk, TRIBRating identifies, analyses and monitors the specific credit characteristics of SMEs and MidCaps.
“TRIBRating is an important evolution in providing market participants with greater clarity regarding the components of SME and MidCap credit risk, providing global consistency and transparency,” said Jens Schmidt-Bürgel, Managing Director at Moody’s Investors Service. “It is a solution market participants have long been looking for, and Moody’s is pleased to collaborate with Euler Hermes on this.”