Q: What are Sigma Ratings' primary products?
A: We offer two key products: i) “Ratings” for institutions who seek market differentiation and to demonstrate transparency on non-credit risks; and ii) “Insight” which is a platform-based enterprise solution that utilizes AI to assign risk approximations on thousands of companies.
Q: What informs your methodology?
A: Our methodology is inspired by international best practice around financial crime compliance and governance measures. However, as best practice is based on things that “worked in the past”, we cannot rely on this entirely and have incorporated other data correlations and factors and that allow for better risk assignment.
Q: Can I dispute my rating or score?
A: For rating clients, the answer is yes. For companies who have been scored on our Insight Platform, you may also dispute your score via the provision of additional data and information. Demonstrate where we got it wrong and we will amend it accordingly.
Q: Is Sigma Ratings a credit rating agency like S&P, Moody's & Fitch?
A: While we are a professional rating agency, we are different in the fact that we are rating company-level “non-credit risks” like financial crime compliance and governance, whereas traditional rating agencies are targeting “credit” issues like solvency and repayment.
Q: Who pays for a Sigma Rating?
A: Typically, the rated entity pays for its rating. To address potential conflicts, Sigma adheres to strict governance and ethics policies, as well as exclusively rating an entity based specific non-credit risks using an algorithmic approach. Sigma Ratings does not conduct advisory services.
Q: Does Sigma Ratings only rate and score financial institutions?
A: We are focused on bank and non-bank financial institutions, but will be offering wider rating and monitoring services in other areas. Details surrounding coverage expansion will be shared via the Sigma Ratings, Inc. site.
Q: Where is Sigma Ratings based?
A: We are a New York, U.S.-based company with global operations.