INDEPENDENT & RECOGNIZED
We are 100% independent, which is an essential requirement for the recognition of relevant institutions:
- FINMA-recognition including compliance with IOSCO-standards for credit rating agencies
- Rating provider for the Composite Rating of the Swiss Bond Indices SBI® of the SIX Swiss Exchange
- Eligibility for repo transactions according to instruction sheet 5 of the Swiss National Bank SNB
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).
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.
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.
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.
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.