We advise companies on rating agencies, applicable rating criteria and the potential rating impact of corporate decisions — helping management prepare for the best possible rating outcome. This includes an assessment of the potential rating outcome, rating agency selection, preparation of the credit information package, management meeting preparation and ongoing rating surveillance.

A structured approach built on senior banking and credit rating experience

We accompany companies through the entire rating process — bringing the perspective of how rating analysts and credit committees assess corporate issuers. The approach is sequential, structured, and tailored to your sector, ownership structure, and strategic objectives.

01
Phase One

Before the rating

We begin with a potential rating outcome view, based on applicable rating criteria, analysis of comparable companies and available financial and operational information. We then support rating agency selection, helping management assess which agencies may be most appropriate for the company's industry, financing objectives and target market. From there, we prepare the credit story, review projections and credit metrics, and organize the materials needed for a disciplined rating process.

02
Phase Two

During the rating

We work alongside management throughout agency interaction — preparing analytical documents, structuring the management presentation, anticipating questions, conducting Q&A preparation sessions and, where appropriate, communicating directly with the rating agency at the client's request. The objective is to help the company communicate its credit profile with clarity, consistency and analytical discipline.

03
Phase Three

After the rating

After a rating is assigned, companies may need ongoing support to monitor financial headroom within the current rating, prepare for annual reviews, assess the credit impact of strategic decisions and respond to criteria changes. NorEste Global provides ongoing rating surveillance for companies that want a continuous credit perspective throughout the year.

A stronger rating can materially affect funding access and cost

Credit ratings influence funding costs, investor access and strategic flexibility. A stronger rating can support broader market access, lower spreads, longer tenors and fewer financing constraints. For Latin American issuers, preparation is particularly important because rating categories, investor appetite and market liquidity can shift quickly as perceived credit quality changes.

When companies typically engage us

  • First-time issuers preparing for a bond issuance.
  • Companies preparing for local or international rating processes.
  • Companies that want to understand how a rating agency may assess them before deciding whether and when to engage one.
  • Existing issuers anticipating a criteria update, annual review or sector review.
  • Companies considering a strategic decision with potential rating implications, such as acquisitions, large investments, dividend decisions or material changes in financial policy.
  • Issuers monitoring their financial headroom or potential pressure on the rating Outlook.
  • Boards seeking independent credit perspective before formally engaging an agency.

Concrete analytical deliverables at every stage

Our work produces tangible, defensible documents that your team can use long after our engagement ends — from the very first indicative assessment through the surveillance period.

Potential rating outcome
A view of where the company's rating could potentially fall, based on applicable rating criteria, peer comparison and how rating agencies assess corporate credit.
Rating agency selection
Comparative analysis of how the main agencies' criteria would apply to the sector in which the company operates — helping management select the most appropriate counterpart.
Credit story document
A structured narrative connecting your business model, strategy, and financial profile in a format prepared for external credit assessment.
Credit metrics and projections review
Review of financial projections and credit metrics most relevant for rating committees, with focus on the assumptions and sensitivities that shape rating outcomes.
Analyst Q&A playbook
Anticipated questions and refined answers, with supporting data, for management meetings with the rating agency.
Criteria change briefs
Timely analyses whenever an agency updates its criteria, with an evaluation of its impact on the rating — prepared for presentation to the company's board or executive committee.
Methodological review of the assigned rating
We assess the assigned rating against the applicable criteria, the information presented and the available credit arguments, identifying technical grounds that may support further conversation with the agency when the company believes the outcome does not adequately reflect its credit profile.

Common questions

Are you affiliated with any rating agency?
No. NorEste Global is fully independent of any rating agency. Our independence is the foundation of our value.
How long does a typical engagement last?
Pre-rating preparation typically requires around one month of focused work. The rating process itself is coordinated directly by the rating agency, and NorEste Global adjusts its support to that timeline until the process is completed. At the company's request, ongoing surveillance can be structured as a permanent relationship, with intensity adjusted to its strategic calendar.
Can you work alongside our other advisors?
Yes. Our role is complementary. We focus on the credit narrative and rating dimension, working in coordination with the other professional teams supporting the company.

Ready to prepare your credit narrative?

We begin every engagement with a confidential conversation about your company, your rating context and the credit outcome you are preparing for.