Rating of leasing companies

Based on long-standing experience, GBB-Rating has developed a rating procedure specifically for movable property leasing companies, which has won broad approval within the industry. The favorable response to the ratings performed to date is attributable to intensive analysis, the application of qualitative criteria, and the impeccable transparency and comparability of the results.

The procedure applied by GBB-Rating produces an objective, verifiable and professional credit assessment.

The capital adequacy requirements imposed on banks by the Basel Committee on Banking Supervision also have an impact on leasing companies. Their position is made more difficult by the declining number of institutions making funding available in the wake of mergers. Against the background of more intense competition for funding, the rating of leasing companies continues to gain in significance. The existence of a solid foundation is not enough – it has to be clearly visible for third parties as well. An assessment undertaken by GBB-Rating produces a credible, clear and aggregated picture of an institution's standing.

The Rating procedure focuses on analyzing and consolidating all the success and risk factors relating to leasing in order to obtain a forward-looking and verifiable overall judgment. This also entails giving consideration to the net asset value for the purpose of recording the capital and reserves (shareholders' equity ratio) and appropriately mapping the profit for the period. Such an approach is essential in order usefully to evaluate from a business management perspective, despite the strict accounting period constraints imposed by the German Commercial Code, the mismatch between expense and income streams that characterizes the leasing sector.

Both the findings made during the procedure and the final rating result deliver useful information and give management and shareholders a solid foundation for decision-making. In addition, the outcome represents not only an informative credit assessment for business partners, especially providers of funding, but also an influential marketing tool (Usefulness).

The quality and value of the assessment performed by GBB-Rating crucially depends on active and trustworthy collaboration during the Rating process. The final constituents of the process are monitoring and, if appropriate, a follow-up rating.

GBB-Rating has already rated numerous leasing companies, and some of the results have been published (Ratings). The internationally recognized notation from AAA through D is used in this connection (Rating scale).

Further information on the rating methodologies of GBB-Rating is available in the section Publications and press.

MEHR ZUM THEMA

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Links Usefulness Rating procedure Rating process Rating scale Ratings