In many markets, an external credit rating is not always required or publicly available. Yet investors, lenders and development finance institutions still need reliable and comparable information to assess creditworthiness, understand risk and make informed financing decisions.

Private Credit Ratings can help address this information gap. By providing independent and confidential assessments of creditworthiness, they strengthen the information available for investment, financing, due diligence and credit risk management, while also supporting greater transparency and benchmarking across institutions.

In response to this need, MFR Credit Ratings (MFR CR) continues to expand its Private Credit Rating activity across Europe, Asia and Africa, assessing financial institutions operating in a wide range of economic, regulatory and financial environments.

This work builds on MFR CR’s rigorous credit analysis and specialized expertise in financial institutions, inclusive and sustainable finance, and impact investing. Its longstanding experience across global emerging and frontier markets further strengthens its understanding of the operating contexts in which institutions evolve, as well as the perspectives and information needs of investors, lenders and development finance institutions active in these markets.

Bringing these perspectives together allows MFR CR to assess creditworthiness within the specific context of each institution, considering not only its financial profile but also the market and operating factors that may influence its risk profile.

Through its Private Credit Ratings, MFR CR contributes to greater transparency and comparability, providing stakeholders with independent and confidential credit opinions to support informed and responsible financial decision-making.