The First National
Credit Rating Agency
in Saudi Arabia
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Trust the pioneers in the local market analysis to provide the precision you need. We are proud to be the innovators behind the National Scale for the local market in Saudi Arabia, a groundbreaking approach that sets a new standard for understanding risk within our economy.
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Years of Experience
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Ratings Issued
Research Publications
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Industries Covered
Methodologies
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Countries Covered
What is a credit rating?
A credit rating is a forward-looking opinion provided by an independent rating agency regarding the creditworthiness of a specific obligor or financial obligation. It represents a comprehensive, analytical assessment of the obligor’s capacity and willingness to meet its financial commitment in full and on time, considering a multifaceted array of factors relevant to its operating environment, industry dynamics, financial structure, and governance.
The rating expressed through a standardized alphanumeric scale, where higher designations signify a strong likelihood of timely and full repayment and lower probability of default, reflecting a lower level of credit risk. Conversely, lower ratings indicate a higher perceived risk.
The rating process
Our rating process is built on the principles of independence and analytical objectivity. From our initial engagement with management to the final rating assignment, we follow a structured and efficient workflow. Our ratings are the result of a comprehensive, multi-stage decision-making framework.
Learn MoreThe rating scale
Our rating scale is a comprehensive system designed to evaluate and communicate the credit risk associated with entities, issuers and their debt or financial instruments. As a result of our rigorous and independent analytical process, we assign ratings to these entities, issuers and their financial obligations, reflecting our expert assessment of their creditworthiness.
Learn MoreExplore our Rating Services
Credit Rating
- Our credit rating service offers an independent and holistic assessment of an entity’s creditworthiness.
- Utilizing a comprehensive evaluation framework, we analyze governance, technical abilities, business performance, and financial stability to provide ratings that reflect the true risk and scalability of organizations.
- This service aids entities in accessing capital markets, optimizing borrowing costs, and enhancing their market credibility.
Financial Scoring
- Our financial scoring service provides a quantitative analysis of a company’s financial health, focusing on profitability, liquidity, and capitalization metrics.
- This streamlined assessment is ideal for smaller entities or specific projects where a full credit rating may not be required.
- Scores are derived from robust financial indicators and benchmarks, enabling quick and effective decision-making for investors and stakeholders.
Advisory
- We offer advisory services designed to guide companies through processes that can enhance their creditworthiness. Leveraging our deep understanding of credit markets, we help companies make informed decisions.
- Our expertise encompasses credit and financial policy development, development of credit manuals, criteria development for various sectors & methodologies and guidance on how to improve overall credit profile at a Company and portfolio level, including guidance on credit and financing products in general.
Research
- Our research services provide comprehensive analysis and detailed reports on key macroeconomic trends, industry reports, benchmarking and peer analysis.
- We aim to deliver insights into market trends, credit risk, economic forecasts, and industry dynamics.
- This service is tailored to equip investors and financial market participants with the critical information necessary to make informed investment decisions.
Why Tassnief ?
Our tailored approach, commitment to local market integrity, and insights that resonate within our specific economic context make us the leading local national rating agency. We offer unparalleled expertise and understanding of the domestic market, providing insightful, objective, and integrity-driven credit analysis valuable for investors and stakeholders.
Confidence
Enhancing the confidence of investors, creditors, government, and semi-governmental entities.
Credibility
Reflect credibility and trustworthiness for stakeholders, including investors, creditors, customers, and vendors.
Transparency & Independence
Independent and regulated opinions reflect transparent methodologies allowing market participants to elevate their confidence.