Swiss Quality Ratings

fedafin - Single recognized Swiss credit rating agency. Leading in independent credit assessments of issuers and their issues.

INDEPENDENT & RECOGNIZED

We are 100% independent, which is an essential requirement for the recognition of relevant institutions:

CREDIBLE & ANCHORED

We are broadly anchored in the Swiss credit and capital market. Our clients include around 200 institutional investors and capital seekers, including:

  • Leading, medium-sized, and small pension funds
  • Insurance groups and health insurance companies
  • Large, cantonal, regional, and private banks
  • Swiss Stock Exchange SIX
  • Bond-listed corporations

ISSUERS & ISSUES

Our rating universe, including continuous monitoring, comprises:

  • all Swiss municipalities
  • all Swiss cantons
  • about 350 companies

This includes both the issuers and their bonds.

The entire universe and various publicly available ratings can be found in e-Ratinge-Rating.

We are happy to cover additional issuers or issues on request and where possible. Please do not hesitate to contact us!

Supplement to the definition of default

Fedafin supplements the definition of default with the option of a “selective default” (SD). A selective default occurs if the payment delay or default relates only to certain financial instruments or classes of liabilities. The definition of the possible triggers of a default remains unchanged. Interested market participants are welcome to send suggestions or questions to fedafin by August 30, 2024 (ratingmethodik@fedafin.ch).

News

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21.12.2024 Rating updates for municipalities in the canton of Genève
18.12.2024 Rating updates for municipalities in the canton of Grisons
17.12.2024 Rating update Axpo
03.12.2024 Rating updates for municipalities in the canton of Neuchâtel
02.12.2024 First rating creation Bossard
22.11.2024 Rating update Stadler Rail
15.11.2024 Rating updates for municipalities in the canton of Vaud
14.11.2024 Rating updates for municipalities in the canton of St.Gallen
01.11.2024 Rating updates for municipalities in the canton of Bern
29.10.2024 First rating creation PLAZZA

ESG: Environment, Social, Corporate Governance

As of the 2020 reporting season, fedafin discloses the influence of credit-relevant ESG factors on the credit rating of listed companies.

Investors also have the opportunity to subscribe to an ESG rating per issuer as a complement to the credit rating.

Our broad coverage of bond ratings also includes green, social and sustainability bonds. You can find out which ones here.

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ORDER PLACEMENT

Would you like an independent credit rating for your company? Get in touch with managing director Adrian Oberlin!

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ANALYSIS OF CREDITWORTHINESS

Our analysts will let you know which documents are required for a sound rating. We will also arrange a date for a management meeting to discuss your case-specific questionnaire.

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DESKTOP-RATING

Our rating committee assigns your company a so-called desktop rating. This is a snapshot without monitoring and without any external purpose. The rating report is deliberately kept short.

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RATING INCLUDING MONITORING

If you decide to use the rating to obtain financing on the credit and/or capital market, the rating committee will issue an ordinary rating including monitoring. The rating report comprises around 10-30 pages for the capital market or around 2-4 pages for the credit market.

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ONLINE PUBLICATION

You can publish the credit rating report online via e-Rating. You have the choice of making it available exclusively to our contract clients or to the general public.

Issuer Rating

For the investment needs of institutional investors, we provide a comprehensive and continuously covered universe of cantonal, municipal, and corporate ratings. Our ratings allow banks, insurance companies, and pension funds to actively select and diversify with an above-average risk/return profile in the credit market.

More on Issuer Ratings

Issue Ratings

For management of CHF bond portfolios, we offer a continuously covered rating universe with corporate and bond ratings of companies listed on the SIX Swiss Exchange. Our ratings allow banks, insurance companies, and pension funds to actively select and diversify CHF bonds based on an independent risk assessment.

More on Issue Ratings

Project Ratings

The realization and financing of projects is a key driver of our economy and an expression of the continuous change in customer needs and market structures. As a rating agency, we support project financing in the direct sphere of influence of the public sector and primarily on behalf of investors by assigning a project rating.

More on Project Ratings